SEC Form 4 · accession 0001567619-19-004938
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
Feb 3, 2019
Accepted (ET)
Feb 19, 2019 · 8:45 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 | Feb 3, 2019 | M | 40,874 | $0.00 | A | 352,752 | D | |
| Common Stock | Feb 3, 2019 | F | 20,266 | $10.98 | D | 332,486 | D | |
| Common Stock | Feb 3, 2019 | M | 86,660 | $0.00 | A | 419,146 | D | |
| Common Stock | Feb 3, 2019 | F | 43,092 | $10.98 | D | 376,054 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Stock UnitsF3,F4 | $0.00 | Feb 3, 2019 | M | 40,874 | D | Feb 3, 2019 | — | Common Stock | 40,874 | 28,886 | D |
| Restricted Stock UnitsF4 | $0.00 | Feb 3, 2019 | M | 86,660 | D | Feb 3, 2019 | — | Common Stock | 86,660 | 86,660 | 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 3rd tranche of market-leveraged stock units granted on February 15, 2016 at 141.5% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
- F4There are no expiration dates on RSUs