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VIAVI SOLUTIONS INC. — Director's Dealing 2019
May 21, 2019
31492_dirs_2019-05-20_d60adfe7-9daa-42b2-8a2f-24bdfc8e0423.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: VIAVI SOLUTIONS INC. (VIAV)
CIK: 0000912093
Period of Report: 2019-05-16
Reporting Person: Maletira Amar (CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-05-16 | Common Stock | M | 22500 | $0.00 | Acquired | 278298 | Direct |
| 2019-05-16 | Common Stock | F | 11156 | $13.27 | Disposed | 267142 | Direct |
| 2019-05-17 | Common Stock | M | 4187 | $0.00 | Acquired | 271329 | Direct |
| 2019-05-17 | Common Stock | F | 2076 | $12.80 | Disposed | 269253 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-05-16 | Performance Stock Units | $0.00 | M | 22500 | Disposed | Common Stock (22500) | Direct | |
| 2019-05-17 | Restricted Stock Units | $0 | M | 4187 | Disposed | Common Stock (4187) | Direct |
Footnotes
F1: Each 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 restricted 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 1st tranche of Performance Stock Units granted on August 28, 2017 at 100% of target based on achievement of the target Network and Service Enablement ("NSE") operating income margin rate during two consecutive quarters of the performance period as stated on the grant agreement.
F4: There are no expiration dates on PSUs or RSUs.