Ralph Rondinone - Feb 28, 2022 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role
SVP Global Operations NSE
Signature
/s/ Donna T. Rossi, attorney-in-fact
Stock symbol
VIAV
Transactions as of
Feb 28, 2022
Transactions value $
-$20,467
Form type
4
Date filed
3/2/2022, 05:40 PM
Previous filing
Dec 2, 2021
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIAV Common Stock Options Exercise $0 +2.51K +7.68% $0.00 35.2K Feb 28, 2022 Direct F1
transaction VIAV Common Stock Tax liability -$20.5K -1.25K -3.54% $16.40 34K Feb 28, 2022 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 Restricted Stock Units Options Exercise $0 -2.51K -33.34% $0.00 5.03K Feb 28, 2022 Common Stock 2.51K $0.00 Direct F1, F3, F4
* 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 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.
F4 There are no expiration dates on RSUs.