Sunny Sanyal - Feb 15, 2023 Form 4 Insider Report for Varex Imaging Corp (VREX)

Role
President and CEO, Director
Signature
/s/ Sunny Sanyal
Stock symbol
VREX
Transactions as of
Feb 15, 2023
Transactions value $
-$355,209
Form type
4
Date filed
2/17/2023, 04:14 PM
Previous filing
Dec 13, 2022
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VREX Common Stock Options Exercise +8.37K +8.38% 108K Feb 15, 2023 Direct F1, F2
transaction VREX Common Stock Options Exercise +33.9K +31.33% 142K Feb 15, 2023 Direct F1
transaction VREX Common Stock Tax liability -$355K -18.9K -13.28% $18.82 123K Feb 15, 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VREX Restricted Stock Units Options Exercise $0 -8.37K -100% $0.00* 0 Feb 15, 2023 Common Stock 8.37K Direct F1, F4
transaction VREX Restricted Stock Units Options Exercise $0 -33.9K -50% $0.00 33.9K Feb 15, 2023 Common Stock 33.9K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit converts into common stock on a one-for-one basis.
F2 Amount of securities beneficially owned at end of reporting period reflect 925 shares purchased under the Varex Imaging Corporation 2017 Employee Stock Purchase Plan.
F3 These shares represent shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the Restricted Stock Units reported herein.
F4 The Restricted Stock Units granted on February 15, 2019 vest 25% each year for four years beginning on February 15, 2020. Vested shares will be delivered to the reporting person upon vest date.
F5 These Restricted Stock Units granted on February 16, 2021 vest 50% on February 15, 2023 and 50% on February 15, 2025. Vested shares will be delivered to the reporting person upon vest date.