Henk Derksen - 28 May 2023 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 2023
Net transactions value
+$318,700
Form type
4
Filing time
31 May 2023, 12:09:13 UTC
Previous filing
26 Sep 2022
Next filing
30 Aug 2023
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 $229,080 +22,908 +43% $10.00 76,096 28 May 2023 Direct F1
transaction VIAV Common Stock Tax liability $95,870 -9,587 -13% $10.00 66,509 28 May 2023 Direct F2
transaction VIAV Common Stock Options Exercise $318,990 +31,899 +48% $10.00 98,408 28 May 2023 Direct F1
transaction VIAV Common Stock Tax liability $133,500 -13,350 -14% $10.00 85,058 28 May 2023 Direct F3, F4

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 -33% $0.000000 45,815 28 May 2023 Common Stock 22,908 $0.000000 Direct F1, F5, F6
transaction VIAV Market Stock Units Options Exercise $0 -31,899 -41% $0.000000 45,816 28 May 2023 Common Stock 31,899 $0.000000 Direct F1, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock 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 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.
F4 Total includes 1,669 shares purchased pursuant to the ESPP plan.
F5 Units subject to the Award shall vest annually in four equal installments.
F6 There are no expiration dates on RSUs
F7 Units subject to the Award shall vest annually in four equal installments.
F8 There are no expiration dates on MSUs.