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VIAVI SOLUTIONS INC. — Director's Dealing 2023
Sep 28, 2023
31492_dirs_2023-09-28_d0a7c4c6-ac4f-4adf-af03-7bbdd255820c.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: 2023-09-26
Reporting Person: Siebert Kevin Christopher (SVP Gen. Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-09-26 | Common Stock | M | 10625 | — | Acquired | 68394 | Direct |
| 2023-09-26 | Common Stock | F | 3199 | $8.88 | Disposed | 65195 | Direct |
| 2023-09-26 | Common Stock | M | 8269 | — | Acquired | 73464 | Direct |
| 2023-09-26 | Common Stock | F | 2489 | $8.88 | Disposed | 70975 | Direct |
| 2023-09-26 | Common Stock | M | 4676 | — | Acquired | 75651 | Direct |
| 2023-09-26 | Common Stock | F | 1408 | $8.88 | Disposed | 74243 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-09-26 | Market Stock Units | $0 | M | 10625 | Disposed | Common Stock (10625) | Direct | |
| 2023-09-26 | Market Stock Units | $0 | M | 8269 | Disposed | Common Stock (8269) | Direct | |
| 2023-09-26 | Market Stock Units | $0 | M | 4676 | Disposed | Common Stock (4676) | Direct |
Footnotes
F1: Each stock 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 market 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 3rd tranche of market-leveraged stock units granted on August 28, 2020 at 130.25% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
F4: There are no expiration dates on MSUs.
F5: Shares reflect the vesting of the 2nd tranche of market-leveraged stock units granted on August 28, 2021 at 119.50% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
F6: Shares reflect the vesting of the 1st tranche of market-leveraged stock units granted on August 28, 2022 at 57.33% of target based on our total stockholder return during the performance periods as stated on the grant agreement.