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

Signature
/s/ Barbara R. Wallace, attorney-in-fact
Issuer symbol
VIAV
Transactions as of
28 Nov 2021
Net transactions value
-$9,544
Form type
4
Filing time
30 Nov 2021, 17:26:31 UTC
Previous filing
01 Oct 2021
Next filing
02 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIAV Common Stock Options Exercise $0 +2,093 +4.5% $0.000000 48,915 28 Nov 2021 Direct F1
transaction VIAV Common Stock Tax liability $9,544 -630 -1.3% $15.15 48,285 28 Nov 2021 Direct F2

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 -2,093 -25% $0.000000 6,282 28 Nov 2021 Common Stock 2,093 $0.000000 Direct F1, F3, 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 1/3 of the Units subject to the Award shall vest on the first anniversary of the grant date and the remaining shares vest quarterly in eight equal installments over the following two years.
F4 There are no expiration dates on RSUs