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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.