SEC Form 4 · accession 0001567619-18-001954
VIAVI SOLUTIONS INC. · VIAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary W Staley
Officer — SVP Global Sales NSE
Period of report
Aug 28, 2018
Accepted (ET)
Aug 30, 2018 · 5:35 pm EDT
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 | Aug 28, 2018 | M | 8,910 | $0.00 | A | 13,878 | D | |
| Common Stock | Aug 28, 2018 | F | 3,507 | $11.48 | D | 10,371 | 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 UnitF3,F6 | $0.00 | Aug 28, 2018 | A | 30,000 | A | — | — | Common Stock | 30,000 | 30,000 | D |
| Restricted Stock UnitF4,F6 | $0.00 | Aug 28, 2018 | A | 30,000 | A | — | — | Common Stock | 30,000 | 30,000 | D |
| Restricted Stock UnitF5,F6 | $0.00 | Aug 28, 2018 | A | 20,000 | A | — | — | Common Stock | 20,000 | 20,000 | D |
| Restricted Stock UnitF6 | $0.00 | Aug 28, 2018 | M | 8,910 | D | Aug 28, 2018 | — | Common Stock | 8,910 | 18,090 | D |
Explanation of responses
- F1These 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.
- F2Each unit converts upon vesting into one share of common stock.
- F31/3 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.
- F4See Exhibit 99.18A
- F550% vesting on 1st anniversary of Grant Date and 25% vesting on 2nd & 3rd anniversary of Grant Date.
- F6There are no expiration dates on RSUs.