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VIAVI SOLUTIONS INC. — Director's Dealing 2011
Jan 19, 2011
31492_dirs_2011-01-19_bfeeabe1-1e48-4730-8942-0cabae7d189a.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: 2011-01-15
Reporting Person: JACKSON REX S (SVP, Business Services)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-15 | Non-qualified stock option (right-to-buy) | $17.77 | A | 75000 | Acquired | 2019-01-15 | Common Stock (75000) | Direct |
| 2011-01-15 | Non-qualified stock option (right-to-buy) | $17.77 | A | 37500 | Acquired | 2019-01-15 | Common Stock (37500) | Direct |
| 2011-01-15 | Restricted Stock Unit | $0 | A | 37500 | Acquired | Common Stock (37500) | Direct |
Footnotes
F1: The Performance Stock Options ("Performance Options") vest over four years, with 25% vesting on the first anniversary of the grant date and the remainder vesting quarterly at the rate of 6.25% until fully vested. The Performance Stock Options will only be exercisable on the latter to occur of: (a) their vesting, and (b) the first trading day following a period within which the Company's common stock has traded for 30 consecutive trading days at a minimum of a 25% premium to the grant price.
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: The units vest at a rate of 25% per year for four years.
F4: Each unit converts upon vesting to a share of common stock.