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VIAVI SOLUTIONS INC. Director's Dealing 2010

Nov 17, 2010

31492_dirs_2010-11-17_e03b25aa-8f75-481c-ab00-a913e8ff26f4.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JDS UNIPHASE CORP /CA/ (JDSU)
CIK: 0000912093
Period of Report: 2010-11-15

Reporting Person: HEARD DAVID W (EVP and President, CommTest)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-11-15 Non-qualified stock option (right-to-buy) $11.66 A 94000 Acquired 2018-11-15 Common Stock (94000) Direct
2010-11-15 Non-qualified stock option (right-to-buy) $11.66 A 47000 Acquired 2018-11-15 Common Stock (47000) Direct
2010-11-15 Restricted Stock Unit $0 A 47000 Acquired 2018-11-15 Common Stock (47000) Direct

Footnotes

F1: The Performance Stock Options ("Performance Options") will vest over four years with 25% of the shares subject to the option grant vesting one year from the date of grant. Thereafter, 6.25% of the shares subject to the option grant vest quarterly over 12 quarters. The Performance Stock Options will be exercisable on the latter to occur of: (i) the first anniversary of the grant date and quarterly over the remaining three years, and (ii) the appreciation of the price of the Company's common stock such that it will have traded at a minimum of a 25% premium to the exercise price of the Performance Options for at least 30 consecutive trading days.

F2: 25% of the shares subject to the option grant vest one year from the date of grant. Thereafter, 6.25% of the shares subject to the option grant vest quarterly over 12 quarters.

F3: Each unit converts upon vest into one share of JDSU common stock. The units vest at a rate of 25% per year for four years.