GLOVER JAMES T 4

4 · VARIAN INC · Filed May 14, 2010

Form 4

Period: 2010-05-14

Director

Transactions

Disposition to Issuer
Common Stock
2010-05-14$52.00/sh−1,000$52,000→ 0 total(indirect: By Trust)
Disposition to Issuer
Stock Units
2010-05-14−1,610→ 0 total
Exp: 2010-05-14→ Common Stock (1,610 underlying)
Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-05-14−4,000→ 0 total
Exercise: $27.96From: 2009-02-06Exp: 2019-02-06→ Common Stock (4,000 underlying)
Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-05-14−10,000→ 0 total
Exercise: $50.09Exp: 2018-05-07→ Common Stock (10,000 underlying)

Footnotes (4)

[F1]This option, which provided for vesting in 2009, was cancelled pursuant to the Agreement and Plan of Merger by and among Agilent Technolgies, Inc., Cobalt Acquisition Corp. and the Issuer dated July 25, 2009 (the "Merger Agreement") in exchange for a cash payment of $24.04 per share, representing the difference between $52.00 and the exercise price of the option.
[F2]This option, which provided for vesting in 2011, was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $2.66 per share, representing the difference between $52.00 and the exercise price of the option.
[F3]Each Director Stock Unit represents a contingent right to receive one share of VARI common stock.
[F4]Director Stock Units are scheduled to vest upon Reporting Person's termination of service as a member of the Issuer's Board of Directors. Pursuant to the Merger Agreement, each Director Stock Unit was converted into the right to received $52.00 in cash.

Documents

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