SEC Form 4 · accession 0001567619-18-003523
VIAVI SOLUTIONS INC. · VIAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oleg Khaykin
Officer — President & CEO
Period of report
Sep 28, 2018
Accepted (ET)
Oct 2, 2018 · 4:46 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 | Sep 28, 2018 | M | 25,498 | $0.00 | A | 290,806 | D | |
| Common Stock | Sep 28, 2018 | F | 12,642 | $11.34 | D | 278,164 | D | |
| Common Stock | Sep 28, 2018 | M | 49,500 | $0.00 | A | 327,664 | D | |
| Common Stock | Sep 28, 2018 | F | 24,543 | $11.34 | D | 303,121 | 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,F4 | $0.00 | Sep 28, 2018 | M | 25,498 | D | Sep 28, 2018 | — | Common Stock | 25,498 | 19,136 | D |
| Restricted Stock UnitF5,F4 | $0.00 | Sep 28, 2018 | M | 49,500 | D | Sep 28, 2018 | — | Common Stock | 49,500 | 100,000 | 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 reflect the vesting of the 2nd tranche of market-leveraged stock units granted on August 17, 2016 at 133.25% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
- F4There are no expiration dates on MSUs.
- F5Shares reflect the vesting of the 1st tranche of market-leveraged stock units granted in August 28, 2017 at 99% of target based on our total stockholder return during the performance periods as stated on the grant agreement.