Oleg Khaykin - May 28, 2022 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role
President & CEO
Signature
/s/ Donna T. Rossi, attorney-in-fact
Stock symbol
VIAV
Transactions as of
May 28, 2022
Transactions value $
-$107,238
Form type
4
Date filed
6/1/2022, 06:30 PM
Previous filing
Apr 4, 2022
Next filing
Jun 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIAV Common Stock Options Exercise $0 -16.3K -2.22% $0.00 717K May 28, 2022 Direct F1
transaction VIAV Common Stock Tax liability -$107K -7.24K -1.01% $14.82 710K May 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 +16.3K +50% $0.00 48.8K May 28, 2022 Common Stock 16.3K $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