Varex Imaging Corp — Director's Dealing 2020

Feb 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Varex Imaging Corp (VREX)
CIK: 0001681622
Period of Report: 2020-02-13

Reporting Person: REINHARDT ERICH R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-14	Common Stock	M	15074	$23.24	Acquired	28149	Direct
2020-02-14	Common Stock	S	15074	$25.91	Disposed	13075	Direct
2020-02-14	Common Stock	M	5148	—	Acquired	18223	Direct
2020-02-14	Common Stock	F	138	$25.89	Disposed	18085	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-13	Deferred Stock Units	$	A	6160	Acquired		Common Stock (6160.0)	Direct
2020-02-14	Non-Qualified Stock Option (right to buy)	$23.24	M	15074	Disposed	2020-02-15	Common Stock (15074.0)	Direct
2020-02-14	Deferred Stock Units	$	M	5148	Disposed		Common Stock (5148.0)	Direct

Footnotes

F1: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.69 to $26.18. The reporting person undertakes to provide Varex Imaging Corporation, any security holder of Varex Imaging Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2: Each Deferred Stock Unit converts into common stock on a one-for-one basis.

F3: These shares represent shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the Deferred Stock Units reported herein.

F4: These Deferred Stock Units vest 100% on the earlier of (i) the one-year anniversary of the date of the grant and (ii) the date of the first annual meeting following the date of grant. Vested shares will be delivered to the reporting person upon the earlier of (i) February 15, 2023, (ii) a change in control or (iii) the reporting person's termination of service for any reason.

F5: Option vested 100% immediately on February 15, 2013.

F6: These Deferred Stock Units vested in four equal quarterly installments over a 12 month period beginning February 16, 2017. Pursuant to the terms of the applicable grant agreement, delivery of the vested Deferred Stock Units, in the form of common stock, was made on February 14, 2020.