Varex Imaging Corp — Director's Dealing 2019

Feb 21, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Varex Imaging Corp (VREX)
CIK: 0001681622
Period of Report: 2019-02-15

Reporting Person: VERHOEF CLARENCE R (SVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-15	Common Stock	M	2871	—	Acquired	18944	Direct
2019-02-15	Common Stock	M	2413	—	Acquired	21357	Direct
2019-02-15	Common Stock	M	1820	—	Acquired	23177	Direct
2019-02-15	Common Stock	F	2127	$31.42	Disposed	21050	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-15	Restricted Stock Units	$	M	2871	Disposed		Common Stock (2871.0)	Direct
2019-02-15	Restricted Stock Units	$	M	2413	Disposed		Common Stock (2413.0)	Direct
2019-02-15	Restricted Stock Units	$	M	1820	Disposed		Common Stock (1820.0)	Direct
2019-02-15	Restricted Stock Units	$	A	8596	Acquired		Common Stock (8596.0)	Direct
2019-02-15	Non-Qualified Stock Option (right to buy)	$31.42	A	26507	Acquired	2026-02-15	Common Stock (26507.0)	Direct

Footnotes

F1: Each Restricted Stock Unit converts into common stock on a one-for-one basis.

F2: Includes 148 shares acquired 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: These Restricted Stock Units vest in three equal annual installments with the first vesting date being February 15, 2017. Vested shares will be delivered to the reporting person upon vest date.

F5: These Restricted Stock Units vest 25% each year for four years with the first vesting date being February 15, 2018. Vested shares will be delivered to the reporting person upon vest date.

F6: The Restricted Stock Units granted on February 15, 2018 vest 25% each year for four years beginning on February 15, 2019. Vested shares will be delivered to the reporting person upon vest date.

F7: 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.

F8: This Non-Qualified Stock Option is subject to a four-year vesting schedule. 25% of the total number of options vests one year from grant date, and the remaining options vests monthly thereafter on a pro rata basis.