Gary W. Staley - 28 Aug 2021 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role
SVP Global Sales NSE
Signature
/s/ Barbara R. Wallace, attorney-in-fact
Issuer symbol
VIAV
Transactions as of
28 Aug 2021
Net transactions value
-$152,230
Form type
4
Filing time
31 Aug 2021, 20:29:38 UTC
Previous filing
02 Jun 2021
Next filing
02 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIAV Common Stock Options Exercise $0 +5,000 +6.8% $0.000000 78,903 28 Aug 2021 Direct F1, F2
transaction VIAV Common Stock Tax liability $32,807 -1,968 -2.5% $16.67 76,935 28 Aug 2021 Direct F3
transaction VIAV Common Stock Options Exercise $0 +2,513 +3.3% $0.000000 79,448 28 Aug 2021 Direct F1
transaction VIAV Common Stock Tax liability $16,487 -989 -1.2% $16.67 78,459 28 Aug 2021 Direct F3
transaction VIAV Common Stock Options Exercise $0 +3,141 +4% $0.000000 81,600 28 Aug 2021 Direct F1
transaction VIAV Common Stock Tax liability $20,604 -1,236 -1.5% $16.67 80,364 28 Aug 2021 Direct F3
transaction VIAV Common Stock Options Exercise $0 +12,550 +16% $0.000000 92,914 28 Aug 2021 Direct F1
transaction VIAV Common Stock Tax liability $82,333 -4,939 -5.3% $16.67 87,975 28 Aug 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VIAV Restricted Stock Units Options Exercise $0 -5,000 -100% $0.000000* 0 28 Aug 2021 Common Stock 5,000 $0.000000 Direct F1, F4, F5
transaction VIAV Restricted Stock Units Options Exercise $0 -2,513 -100% $0.000000* 0 28 Aug 2021 Common Stock 2,513 $0.000000 Direct F1, F5, F6
transaction VIAV Restricted Stock Units Options Exercise $0 -3,141 -20% $0.000000 12,563 28 Aug 2021 Common Stock 3,141 $0.000000 Direct F1, F5, F7
transaction VIAV Restricted Stock Units Options Exercise $0 -12,550 -33% $0.000000 25,101 28 Aug 2021 Common Stock 12,550 $0.000000 Direct F1, F5, F7
transaction VIAV Restricted Stock Units Award $0 +29,655 $0.000000 29,655 28 Aug 2021 Common Stock 29,655 $0.000000 Direct F5, F7
transaction VIAV Market Stock Units Award $0 +29,655 $0.000000 29,655 28 Aug 2021 Common Stock 29,655 $0.000000 Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit converts upon vesting into one share of common stock.
F2 Total includes 875 shares purchased pursuant to the ESPP plan.
F3 These shares were retained by the Company in order to meet the tax withholding obligations of the award-holder in connection with the vesting of an installment of the restricted stock award. The amount retained by the Company was not in excess of the amount of the tax liability.
F4 50% vesting on 1st anniversary of Grant Date and 25% vesting on 2nd & 3rd anniversary of Grant Date.
F5 There are no expiration dates on RSUs
F6 1/3 of the Units subject to the Award shall vest on the first anniversary of the grant date and the remaining shares vest quarterly in eight equal installments over the following two years.
F7 Units subject to the Award shall vest annually in three equal installments over three years.
F8 See Exhibit 99 - FY2022 MSU Exhibit for vesting schedule and terms
F9 There are no expiration dates on MSUs.