Henk Derksen - 28 May 2022 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role
EVP, CFO
Signature
/s/ Donna T. Rossi, attorney-in-fact
Issuer symbol
VIAV
Transactions as of
28 May 2022
Net transactions value
-$192,304
Form type
4
Filing time
01 Jun 2022, 18:37:53 UTC
Previous filing
27 Sep 2021
Next filing
16 Sep 2022
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 +22,908 +837% $0.000000 25,646 28 May 2022 Direct F1
transaction VIAV Common Stock Tax liability $99,991 -6,747 -26% $14.82 18,899 28 May 2022 Direct F2
transaction VIAV Common Stock Options Exercise $0 +21,150 +112% $0.000000 40,049 28 May 2022 Direct F3
transaction VIAV Common Stock Tax liability $92,314 -6,229 -16% $14.82 33,820 28 May 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 -22,908 -25% $0.000000 68,723 28 May 2022 Common Stock 22,908 $0.000000 Direct F1, F4, F5
transaction VIAV Market Stock Units Options Exercise $0 -21,150 -24% $0.000000 68,724 28 May 2022 Common Stock 21,150 $0.000000 Direct F3, F6, F7
* 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 Represents restricted stock units granted on May 28, 2021, which reflect the satisfaction of performance metrics. The restricted stock units vested on May 28, 2022, subject to continued service.
F4 Units subject to the Award shall vest annually in three equal installments over three years.
F5 There are no expiration dates on RSUs
F6 See Exhibit 99.1 for vesting terms and conditions
F7 There are no expiration dates on MSUs.