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

Role
EVP, CFO
Signature
/s/ Donna T. Rossi, attorney-in-fact
Stock symbol
VIAV
Transactions as of
May 28, 2022
Transactions value $
-$192,304
Form type
4
Date filed
6/1/2022, 06:37 PM
Previous filing
Sep 27, 2021
Next filing
Sep 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIAV Common Stock Options Exercise $0 +22.9K +836.67% $0.00 25.6K May 28, 2022 Direct F1
transaction VIAV Common Stock Tax liability -$100K -6.75K -26.31% $14.82 18.9K May 28, 2022 Direct F2
transaction VIAV Common Stock Options Exercise $0 +21.2K +111.91% $0.00 40K May 28, 2022 Direct F3
transaction VIAV Common Stock Tax liability -$92.3K -6.23K -15.55% $14.82 33.8K 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 -22.9K -25% $0.00 68.7K May 28, 2022 Common Stock 22.9K $0.00 Direct F1, F4, F5
transaction VIAV Market Stock Units Options Exercise $0 -21.2K -23.53% $0.00 68.7K May 28, 2022 Common Stock 21.2K $0.00 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.