Ralph Rondinone - Sep 23, 2021 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role
SVP Global Operations NSE
Signature
/s/ Barbara R. Wallace, attorney-in-fact
Stock symbol
VIAV
Transactions as of
Sep 23, 2021
Transactions value $
-$167,334
Form type
4
Date filed
9/27/2021, 09:22 PM
Previous filing
Sep 2, 2021
Next filing
Oct 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIAV Common Stock Options Exercise +13K +39.81% 45.7K Sep 23, 2021 Direct F1
transaction VIAV Common Stock Tax liability -$90.6K -5.78K -12.63% $15.69 40K Sep 23, 2021 Direct F2
transaction VIAV Common Stock Options Exercise +7.32K +18.31% 47.3K Sep 23, 2021 Direct F1
transaction VIAV Common Stock Tax liability -$50.9K -3.25K -6.87% $15.69 44K Sep 23, 2021 Direct F2
transaction VIAV Common Stock Options Exercise $0 +3.7K +8.4% $0.00 47.7K Sep 23, 2021 Direct F1
transaction VIAV Common Stock Tax liability -$25.7K -1.64K -3.44% $15.69 46.1K Sep 23, 2021 Direct F2

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 Market Stock Units Options Exercise -13K -100% 0 Sep 23, 2021 Common Stock 13K $0.00 Direct F1, F3, F4, F5
transaction VIAV Market Stock Units Options Exercise -7.32K -29.41% 17.6K Sep 23, 2021 Common Stock 7.32K $0.00 Direct F1, F5, F6, F7
transaction VIAV Market Stock Units Options Exercise $0 -3.7K -27.01% $0.00 10K Sep 23, 2021 Common Stock 3.7K $0.00 Direct F1, F5, 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 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.
F3 Shares reflect the vesting of the 3st tranche of market-leveraged stock units granted on August 28, 2018 at 130.25% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
F4 See Exhibit 99.17A.
F5 There are no expiration dates on MSUs.
F6 Shares reflect the vesting of the 1st tranche of market-leveraged stock units granted on August 28, 2020 at 83.33% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
F7 See Exhibit 99 - FY2021 MSU Exhibit
F8 Shares reflect the vesting of the 2st tranche of market-leveraged stock units granted on August 28, 2019 at 37% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
F9 See Exhibit 99.15