Sec Form 4 Filing - VERHOEF CLARENCE R @ Varex Imaging Corp - 2019-02-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
VERHOEF CLARENCE R
2. Issuer Name and Ticker or Trading Symbol
Varex Imaging Corp [ VREX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP & Chief Financial Officer
(Last) (First) (Middle)
C/O VAREX IMAGING CORP, 1678 S. PIONEER ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/15/2019
(Street)
SALT LAKE CITY, UT84104
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/15/2019 M 2,871 A 18,944 ( 2 ) D
Common Stock 02/15/2019 M 2,413 A 21,357 D
Common Stock 02/15/2019 M 1,820 A 23,177 D
Common Stock 02/15/2019 F 2,127 ( 3 ) D $ 31.42 21,050 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 1 ) 02/15/2019 M 2,871 ( 4 ) ( 4 ) Common Stock 2,871 $ 0 0 D
Restricted Stock Units ( 1 ) 02/15/2019 M 2,413 ( 5 ) ( 5 ) Common Stock 2,413 $ 0 4,827 D
Restricted Stock Units ( 1 ) 02/15/2019 M 1,820 ( 6 ) ( 6 ) Common Stock 1,820 $ 0 5,460 D
Restricted Stock Units ( 1 ) 02/15/2019 A 8,596 ( 7 ) ( 7 ) Common Stock 8,596 $ 0 8,596 D
Non-Qualified Stock Option (right to buy) $ 31.42 02/15/2019 A 26,507 ( 8 ) 02/15/2026 Common Stock 26,507 $ 0 26,507 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
VERHOEF CLARENCE R
C/O VAREX IMAGING CORP
1678 S. PIONEER ROAD
SALT LAKE CITY, UT84104
SVP & Chief Financial Officer
Signatures
/s/ Clarence R Verhoef 02/20/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each Restricted Stock Unit converts into common stock on a one-for-one basis.
( 2 )Includes 148 shares acquired under the Varex Imaging Corporation 2017 Employee Stock Purchase Plan.
( 3 )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.
( 4 )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.
( 5 )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.
( 6 )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.
( 7 )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.
( 8 )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.

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