Kevin Christopher Siebert - 28 May 2021 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role
SVP Gen. Counsel & Secretary
Signature
/s/ Barbara Wallace, Attorney-in-Fact
Issuer symbol
VIAV
Transactions as of
28 May 2021
Net transactions value
-$62,815
Form type
4
Filing time
02 Jun 2021, 16:51:11 UTC
Next filing
31 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIAV Common Stock Options Exercise $0 +2,094 +5% $0.000000 43,706 28 May 2021 Direct F1
transaction VIAV Common Stock Tax liability $11,061 -631 -1.4% $17.53 43,075 28 May 2021 Direct F2
transaction VIAV Common Stock Options Exercise $0 +2,094 +4.9% $0.000000 45,169 28 May 2021 Direct F1
transaction VIAV Common Stock Tax liability $11,061 -631 -1.4% $17.53 44,538 28 May 2021 Direct F2
transaction VIAV Common Stock Sale $40,693 -2,340 -5.3% $17.39 42,198 02 Jun 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VIAV Restricted Stock Units Options Exercise $0 -2,094 -50% $0.000000 2,094 28 May 2021 Common Stock 2,094 $0.000000 Direct F1, F4
transaction VIAV Restricted Stock Unit Options Exercise $0 -2,094 -17% $0.000000 10,469 28 May 2021 Common Stock 2,094 $0.000000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 were sold pursuant to a Rule 10b5-1 Stock Trading Plan.
F4 There are no expiration dates on RSUs.