DEAN ROBERT W II 4
4 · VARIAN INC · Filed May 14, 2010
Insider Transaction Report
Form 4
VARIAN INCVARI
DEAN ROBERT W II
Controller
Transactions
- Disposition to Issuer
Common Stock
2010-05-14$52.00/sh−1,427$74,204→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-05-14−5,500→ 0 totalExercise: $46.41Exp: 2018-09-15→ Common Stock (5,500 underlying) - Disposition to Issuer
Performance Shares
2010-05-14−1,800→ 0 totalExp: 2011-12-14→ Common Stock (1,800 underlying) - Disposition to Issuer
Common Stock
2010-05-14$52.00/sh−1,999$103,948→ 1,427 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-05-14−3,000→ 0 totalExercise: $35.97Exp: 2018-11-13→ Common Stock (3,000 underlying)
Footnotes (6)
- [F1]Represents restricted stock granted under the Varian, Inc. Omnibus Stock Plan.
- [F2]Pursuant to the Agreement and Plan of Merger by and among Agilent Technologies, Inc., Cobalt Acquisition Corp. and the Issuer dated July 26, 2009 (the "Merger Agreement"), each share of restricted stock was accelerated, cancelled and converted into the right to receive $52.00 in cash.
- [F3]This option, which provided for vesting in 2011, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $16.03 per share, representing the difference between $52.00 and the exercise price of the option.
- [F4]This option, which provided for vesting in 2011, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $5.59 per share, representing the difference between $52.00 and the exercise price of the option.
- [F5]Each Performance Share Award represents a contingent right to receive one share of VARI common stock.
- [F6]This Performance Share Award, which was scheduled to vest in 2011, was cancelled pursuant to the Merger Agreement and converted into the right to receive $52.00 per share in cash.