Varex Imaging (VREX) Form 4 Varex Imaging / Kimberley E. Honeysett ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Honeysett Kimberley E.

(Last) (First) (Middle)

C/O VAREX IMAGING CORP.

1678 S. PIONEER ROAD

(Street)

SALT LAKE CITY UT 84104

(City) (State) (Zip)

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 and General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	02/12/2021		M		1,307	A	$0(1)	5,572(2)	D
Common Stock	02/12/2021		M		1,104	A	$0(1)	6,676	D
Common Stock	02/12/2021		M		1,397	A	$0(1)	8,073	D
Common Stock	02/12/2021		F		1,890(3)	D	$0	6,183	D
Common Stock								195	I	By Trust

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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)	02/16/2021		A		11,523		(4)	(4)	Common Stock	11,523	$0	11,523	D
Non-Qualified Stock Option (right to buy)	$25.06	02/16/2021		A		28,195		(5)	02/16/2031	Common Stock	28,195	$0	28,195	D
Restricted Stock Units	(1)	02/12/2021		M			1,307	(6)	(6)	Common Stock	1,307	$0	0	D
Restricted Stock Units	(1)	02/12/2021		M			1,104	(7)	(7)	Common Stock	1,104	$0	1,105	D
Restricted Stock Units	(1)	02/12/2021		M			1,397	(8)	(8)	Common Stock	1,397	$0	2,794	D

Explanation of Responses:

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

2. Amount of securities beneficially owned at end of reporting period reflect 214 shares purchased 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 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.

5. These Performance Stock Options are subject to a four-year vesting schedule. 25% of the total number of options vest one year from grant date, and the remaining options vest monthly thereafter on a pro rata basis.

6. These Restricted Stock Units granted on February 16, 2017 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.

7. These Restricted Stock Units granted on February 15, 2018 vest 25% each year for four years with the first vesting date being February 15, 2019. Vested shares will be delivered to the reporting person upon vest date.

8. These Restricted Stock Units granted on February 15, 2019 vest 25% each year for four years with the first vesting date being February 15, 2020. Vested shares will be delivered to the reporting person upon vest date.

Remarks:

	/s/ Kimberley E. Honeysett	02/17/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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