Oleg Khaykin - Sep 22, 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
Sep 22, 2022
Transactions value $
-$1,652,917
Form type
4
Date filed
9/26/2022, 03:21 PM
Previous filing
Sep 16, 2022
Next filing
Sep 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIAV Common Stock Options Exercise $0 +70.1K +8.36% $0.00 909K Sep 22, 2022 Direct F1
transaction VIAV Common Stock Tax liability -$388K -29.2K -3.21% $13.29 880K Sep 22, 2022 Direct F2
transaction VIAV Common Stock Options Exercise $0 +127K +14.48% $0.00 1.01M Sep 22, 2022 Direct F1
transaction VIAV Common Stock Tax liability -$705K -53.1K -5.27% $13.29 954K Sep 22, 2022 Direct F2
transaction VIAV Common Stock Options Exercise $0 +101K +10.59% $0.00 1.06M Sep 22, 2022 Direct F1
transaction VIAV Common Stock Tax liability -$559K -42.1K -3.99% $13.29 1.01M Sep 22, 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 Market Stock Units Options Exercise $0 -70.1K -100% $0.00* 0 Sep 22, 2022 Common Stock 70.1K $0.00 Direct F1, F3, F4
transaction VIAV Market Stock Units Options Exercise $0 -127K -59.18% $0.00 87.9K Sep 22, 2022 Common Stock 127K $0.00 Direct F1, F4, F5
transaction VIAV Market Stock Units Options Exercise $0 -101K -42.2% $0.00 138K Sep 22, 2022 Common Stock 101K $0.00 Direct F1, F4, F6
* 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 market 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, 2019 at 108.25% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
F4 There are no expiration dates on MSUs.
F5 Shares reflect the vesting of the 2st tranche of market-leveraged stock units granted on August 28, 2020 at 145% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
F6 Shares reflect the vesting of the 1st tranche of market-leveraged stock units granted on August 28, 2021 at 146% of target based on our total stockholder return during the performance periods as stated on the grant agreement.