Kevin Christopher Siebert - 28 Aug 2022 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role
SVP Gen. Counsel & Secretary
Signature
/s/ Donna T. Rossi, attorney-in-fact
Issuer symbol
VIAV
Transactions as of
28 Aug 2022
Net transactions value
-$75,224
Form type
4
Filing time
30 Aug 2022, 18:18:02 UTC
Previous filing
03 Jun 2022
Next filing
01 Sep 2022
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 +4.4% $0.000000 49,772 28 Aug 2022 Direct F1
transaction VIAV Common Stock Tax liability $9,181 -631 -1.3% $14.55 49,141 28 Aug 2022 Direct F2
transaction VIAV Common Stock Options Exercise $0 +8,158 +17% $0.000000 57,299 28 Aug 2022 Direct F1
transaction VIAV Common Stock Tax liability $35,735 -2,456 -4.3% $14.55 54,843 28 Aug 2022 Direct F2
transaction VIAV Common Stock Options Exercise $0 +6,919 +13% $0.000000 61,762 28 Aug 2022 Direct F1
transaction VIAV Common Stock Tax liability $30,308 -2,083 -3.4% $14.55 59,679 28 Aug 2022 Direct F2, 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 -100% $0.000000* 0 28 Aug 2022 Common Stock 2,094 $0.000000 Direct F1, F4, F5
transaction VIAV Restricted Stock Units Options Exercise $0 -8,158 -50% $0.000000 8,158 28 Aug 2022 Common Stock 8,158 $0.000000 Direct F1, F5, F6
transaction VIAV Restricted Stock Units Options Exercise $0 -6,919 -33% $0.000000 13,840 28 Aug 2022 Common Stock 6,919 $0.000000 Direct F1, F5, F7
* 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 This reporting person previously filed a Form 4 on June 3, 2022, which incorrectly reported the number of shares of common stock beneficially owned by the reporting person following the applicable transaction. This Form 4 reports the correct amount of number of shares of common stock beneficially owned by the reporting person after taking into account all applicable transactions to date.
F4 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.
F5 There are no expiration dates on RSUs
F6 Units subject to the Award shall vest annually in three equal installments over three years.
F7 Units subject to the Award shall vest annually in three equal installments over three years.