Kevin Christopher Siebert - 22 Sep 2022 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role
SVP Gen. Counsel & Secretary
Signature
/s/ Donna T. Rossi, attorney-in-fact
Issuer symbol
VIAV
Transactions as of
22 Sep 2022
Net transactions value
-$116,075
Form type
4
Filing time
26 Sep 2022, 15:32:24 UTC
Previous filing
01 Sep 2022
Next filing
26 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 +9,022 +18% $0.000000 59,100 22 Sep 2022 Direct F1
transaction VIAV Common Stock Tax liability $33,836 -2,546 -4.3% $13.29 56,554 22 Sep 2022 Direct F2
transaction VIAV Common Stock Options Exercise $0 +11,829 +21% $0.000000 68,383 22 Sep 2022 Direct F1
transaction VIAV Common Stock Tax liability $44,349 -3,337 -4.9% $13.29 65,046 22 Sep 2022 Direct F2
transaction VIAV Common Stock Options Exercise $0 +10,103 +16% $0.000000 75,149 22 Sep 2022 Direct F1
transaction VIAV Common Stock Tax liability $37,890 -2,851 -3.8% $13.29 72,298 22 Sep 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 -9,022 -100% $0.000000* 0 22 Sep 2022 Common Stock 9,022 $0.000000 Direct F1, F3, F4
transaction VIAV Market Stock Units Options Exercise $0 -11,829 -59% $0.000000 8,158 22 Sep 2022 Common Stock 11,829 $0.000000 Direct F1, F4, F5
transaction VIAV Market Stock Units Options Exercise $0 -10,103 -42% $0.000000 13,839 22 Sep 2022 Common Stock 10,103 $0.000000 Direct F1, 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 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.
F7 There are no expiration dates on MSUs.