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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.