Henk Derksen - Sep 26, 2023 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
Sep 26, 2023
Transactions value $
-$93,569
Form type
4
Date filed
9/28/2023, 04:34 PM
Previous filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIAV Common Stock Options Exercise $0 +11.8K +11.32% $0.00 116K Sep 26, 2023 Direct F1
transaction VIAV Common Stock Tax liability -$43.9K -4.94K -4.26% $8.88 111K Sep 26, 2023 Direct F2
transaction VIAV Common Stock Options Exercise $0 +13.4K +12.01% $0.00 125K Sep 26, 2023 Direct F1
transaction VIAV Common Stock Tax liability -$49.7K -5.59K -4.49% $8.88 119K Sep 26, 2023 Direct F2
transaction VIAV Common Stock Options Exercise $0 +27K +22.72% $0.00 146K Sep 26, 2023 Direct F1

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 -11.8K -54.44% $0.00 9.89K Sep 26, 2023 Common Stock 11.8K $0.00 Direct F1, F3, F4
transaction VIAV Market Stock Units Options Exercise $0 -13.4K -22.28% $0.00 46.6K Sep 26, 2023 Common Stock 13.4K $0.00 Direct F1, F4, F5
transaction VIAV Market Stock Units Options Exercise $0 -27K -37.11% $0.00 45.8K Sep 26, 2023 Common Stock 27K $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 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 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 2nd tranche of market-leveraged stock units granted on August 28, 2021 at 119.50% 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 1st tranche of market-leveraged stock units granted on August 28, 2022 at 57.33% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
F6 Represents the market stock units granted on May 28, 2021, which reflect the satisfaction of performance metrics. The market stock units vest on May 28, 2024 subject to continued service. Mr. Derksen has announced his intent to resign from the company as of September 30, 2023. Accordingly, this award will be forfeited upon his termination.