SEC Form 4 · accession 0001140361-16-087811
VIAVI SOLUTIONS INC. · VIAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan Louise Spradley
Officer — SVP General Manager NSE
Period of report
Nov 21, 2016
Accepted (ET)
Nov 23, 2016 · 6:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912093
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 21, 2016 | M | 4,722 | $0.00 | A | 11,257 | D | |
| Common Stock | Nov 21, 2016 | F | 2,200 | $7.94 | D | 9,057 | D | |
| Common Stock | Nov 21, 2016 | M | 3,559 | $0.00 | A | 12,616 | D | |
| Common Stock | Nov 21, 2016 | F | 1,658 | $7.94 | D | 10,958 | D | |
| Common StockF4 | Nov 22, 2016 | S | 3,981 | $7.89 | D | 6,977 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | $0.00 | Nov 21, 2016 | M | 4,722 | D | Nov 21, 2016 | — | Common Stock | 4,722 | 14,168 | D |
| Restricted Stock UnitF1 | $0.00 | Nov 21, 2016 | M | 3,559 | D | Nov 21, 2016 | — | Common Stock | 3,559 | 24,916 | D |
Explanation of responses
- F1Each unit converts upon vesting into one share of common stock.
- F2These 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.
- F3Shares were sold pursuant to a Rule 10b5-1 Stock Trading Plan.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.81 to $7.92 inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes to this Form 4.