0000945621-16-000385.txt : 20160201 0000945621-16-000385.hdr.sgml : 20160201 20160201150603 ACCESSION NUMBER: 0000945621-16-000385 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160201 DATE AS OF CHANGE: 20160201 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VARIAN MEDICAL SYSTEMS INC CENTRAL INDEX KEY: 0000203527 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 942359345 STATE OF INCORPORATION: DE FISCAL YEAR END: 1002 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-17026 FILM NUMBER: 161376956 BUSINESS ADDRESS: STREET 1: 3100 HANSEN WAY CITY: PALO ALTO STATE: CA ZIP: 94304-1000 BUSINESS PHONE: 650-424-5834 MAIL ADDRESS: STREET 1: 3100 HANSEN WAY CITY: PALO ALTO STATE: CA ZIP: 94304-1000 FORMER COMPANY: FORMER CONFORMED NAME: VARIAN ASSOCIATES INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VARIAN DELAWARE INC DATE OF NAME CHANGE: 19761123 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Veritas Asset Management LLP CENTRAL INDEX KEY: 0001541448 IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1ST FLOOR, 90 LONG ACRE CITY: LONDON STATE: X0 ZIP: WC2E 9RA BUSINESS PHONE: 442037589930 MAIL ADDRESS: STREET 1: 1ST FLOOR, 90 LONG ACRE CITY: LONDON STATE: X0 ZIP: WC2E 9RA FORMER COMPANY: FORMER CONFORMED NAME: Veritas Asset Management (UK) Ltd. DATE OF NAME CHANGE: 20120203 SC 13G 1 varian13g12312015.htm SCHEDULE 13G

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G


Under the Securities Exchange Act of 1934



Varian Medical Systems, Inc.
(Name of Issuer)
 
 Common Stock
(Title of Class of Securities)
 
 92220P105
(CUSIP Number)
 
December 31, 2015
(Date of Event which Requires Filing of this Statement)
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[X]           Rule 13d-1(b)
[   ]           Rule 13d-1(c)
[   ]           Rule 13d-1(d)




CUSIP No.  92220P105
 
Page 2 of  6 Pages
 
 
 
1  NAMES OF REPORTING PERSONS          
 IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

   Veritas Asset Management LLP		  
2
 
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)  [   ]
 (b)  [   ]
3  SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
          
    England & Wales
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
          
   0
6
SHARED VOTING POWER
          
   5,233,673
7
SOLE DISPOSITIVE POWER
          
   0
8
SHARED DISPOSITIVE POWER
 
   5,233,673
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
        
     5,233,673
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
 
      [  ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
      5.4%(1)
12
TYPE OF REPORTING PERSON
   
      IA

(1)
Based upon 96,884,737 shares of common stock outstanding, as set forth in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on November 25, 2015.
 
 
 CUSIP No. 92220P105  
Page 3 of 6 Pages
     

Item 1.
(a)
Name of Issuer:
   
          Varian Medical Systems, Inc.
     
 
(b)
Address of Issuer's Principal Executive Offices:
   
    3100 Hansen Way
   
    Palo Alto, CA 94304-1038
     
Item 2.
(a)
Name of Person Filing:
   
           Veritas Asset Management LLP

 
(b)
Address of Principal Business Office or, if none, Residence:
   
          First Floor, 90 Long Acre, London, WC2E 9RA, England.
     
 
(c)
Citizenship:
   
          Veritas Asset Management LLP is a  limited liability partnership formed under the laws of England and Wales.
     
 
(d)
Title of Class of Securities:
   
           Common Stock
   
 
 
(e)
CUSIP Number:
   
           92220P105

Item 3.
If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
     
 
(a)
[  ]  Broker or dealer registered under Section 15 of the Act.
 
(b)
[  ]  Bank as defined in Section 3(a)(6) of the Act.
 
(c)
[  ]  Insurance company as defined in Section 3(a)(19) of the Act.
 
(d)
[  ]  Investment company registered under Section 8 of the Investment
       Company Act of 1940.
 
(e)
[X]  An investment adviser in accordance with Section
       240.13d-1(b)(1)(ii)(E).
 
(f)
[  ]  An employee benefit plan or endowment fund in accordance with
       Section 240.13d-1(b)(1)(ii)(F).
 
(g)
[  ] A parent holding company or control person in accordance with
       Section 240.13d-1(b)(1)(ii)(G).
 
(h)
[  ]  A savings association as defined in Section 3(b) of the Federal
       Deposit Insurance Act.
 
(i)
[  ]  A church plan that is excluded from the definition of an investment
       company under Section 3(c)(14) of the Investment Company Act
       of 1940.
 
(j)
[  ] A non-U.S. institution in accordance with Section 240.13d-1(b)(1)
       (ii)(J).
 
(k)
[  ]  Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).
     
   
If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution:  FCA-regulated asset management company.
 
 

 



 CUSIP No. 92220P105  
Page 4 of 6 Pages
     
 
Item 4.
Ownership.
     
 
(a)
Amount Beneficially Owned:  5,233,673
     
 
(b)
Percent of Class:  5.4%
     
 
(c)
Number of Shares as to which the person has:
     
   
(i)      sole power to vote or to direct the vote:  0
   
(ii)     shared power to vote or direct the vote:  5,233,673
   
(iii)    sole power to dispose or direct the disposition of:  0
   
(iv)    shared power to dispose or to direct the disposition of:  5,233,673
     
Item 5.
Ownership of Five Percent or Less of a Class.
   
 
   
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [  ]
     
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
     
   
Not applicable.
     
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
     
   
Not applicable.
   
Item 8.
Identification and Classification of Members of the Group.
     
   
Not applicable.
     




CUSIP No. 92220P105  
Page 5 of 6 Pages
     

Item 9.
Notice of Dissolution of Group.
     
   
Not applicable.
     
Item 10.
Certification:
     
   
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
     




CUSIP No. 92220P105  
Page 6 of 6 Pages
     

SIGNATURE


After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


    Date:
 February 1, 2016
       
    VERITAS ASSET MANAGEMENT LLP
       
       
   
By:
 /s/ Richard Grant
 
     
Name:       Richard Grant  
     
Title:         Chief Operating Officer