Kevin Christopher Siebert - 24 Sep 2024 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
24 Sep 2024
Net transactions value
-$24,191
Form type
4
Filing time
26 Sep 2024, 14:36:16 UTC
Previous filing
30 Aug 2024
Next filing
26 Sep 2024
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 +3,529 +6.2% $0.000000 60,146 24 Sep 2024 Direct F1
transaction VIAV Common Stock Tax liability $9,280 -1,063 -1.8% $8.73 59,083 24 Sep 2024 Direct F2
transaction VIAV Common Stock Options Exercise $0 +1,250 +2.1% $0.000000 60,333 24 Sep 2024 Direct F1
transaction VIAV Common Stock Tax liability $3,291 -377 -0.62% $8.73 59,956 24 Sep 2024 Direct F2
transaction VIAV Common Stock Options Exercise $0 +4,419 +7.4% $0.000000 64,375 24 Sep 2024 Direct F1
transaction VIAV Common Stock Tax liability $11,620 -1,331 -2.1% $8.73 63,044 24 Sep 2024 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 -3,529 -100% $0.000000 0 24 Sep 2024 Common Stock 3,529 $0.000000 Direct F1, F3, F4
transaction VIAV Market Stock Units Options Exercise $0 -1,250 -15% $0.000000 6,919 24 Sep 2024 Common Stock 1,250 $0.000000 Direct F1, F4, F5
transaction VIAV Market Stock Units Options Exercise $0 -4,419 -21% $0.000000 16,317 24 Sep 2024 Common Stock 4,419 $0.000000 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 3rd tranche of market-leveraged stock units granted on August 28, 2021 at 51.00% 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 2nd tranche of market-leveraged stock units granted on August 28, 2022 at 15.33% 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, 2023 at 41.67% of target based on our total stockholder return during the performance periods as stated on the grant agreement.