X0306 4 2016-02-12 0000203527 VARIAN MEDICAL SYSTEMS INC VAR 0001217439 FINNEY ELISHA W C/O VARIAN MEDICAL SYSTEMS 3100 HANSEN WAY, , MAIL STOP E-327 PALO ALTO CA 94304-1030 1 Exec VP and CFO Common Stock 2016-02-16 4 M 0 2124 0 A 7135 D Common Stock 2016-02-16 4 M 0 1799 0 A 8934 D Common Stock 2016-02-16 4 F 0 1469 78.03 D 7465 D Common Stock 2016-02-17 4 S 0 2454 78.5932 D 5011 D Common Stock 22126 I By Trust Non Qualified Stock Option (Right to Buy) 75.86 2016-02-12 4 A 0 30724 0 A 2023-02-12 Common Stock 30724 30724 D Restricted Stock Units 2016-02-12 4 A 0 3164 0 A Common Stock 3164 12809 D Restricted Stock Units 2016-02-16 4 M 0 2124 0 D Common Stock 2124 10685 D Restricted Stock Units 2016-02-16 4 M 0 1799 0 D Common Stock 1799 8886 D Each restricted stock unit represents a contingent right to receive one share of VAR common stock. Represents shares withheld from vested restricted stock units for the payment of federal, state and payroll taxes due on vesting. This transaction is pursuant to the filer's SEC Rule10b5-1 Stock Plan The 2,454 shares were sold in multiple transactions executed on the same day at prices ranging from $78.14 to $78.81. The detailed breakdown of executed sales will be furnished upon request. Stock option granted under the Varian Medical Systems, Inc. Third Amended and Restated 2005 Omnibus Stock Plan which complies with Rule 16b-3. The option vests as follows: one third on 2/12/2017, and the remaining shares in 24 equal installments over the 24 months following the first vesting date. The restricted stock units vest in three equal installments on February 15, 2017, February 15, 2018, and February 15, 2019. Vested shares will be delivered to the reporting person on vest date. The restricted stock units vest in three equal installments on February 15, 2015, February 15, 2016, and February 15, 2017. Vested shares will be delivered to the reporting person on vest date. The restricted stock units vest in three equal installments on February 15, 2016, February 15, 2017, and February 15, 2018. Vested shares will be delivered to the reporting person on vest date. /s/ Franco N. Palomba, Attorney in Fact for Elisha W. Finney 2016-02-17