Filing Details
- Accession Number:
- 0000912093-20-000078
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-09-29 21:38:01
- Reporting Period:
- 2020-09-25
- Accepted Time:
- 2020-09-29 21:38:01
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 912093 | Viavi Solutions Inc. | VIAV | Semiconductors & Related Devices (3674) | 942579683 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1634069 | Christopher Kevin Siebert | C/O Viavi Solutions Inc. 6001 America Center Drive, 6Th Floor San Jose CA 95002 | Svp Gen. Counsel & Secretary | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2020-09-25 | 27,389 | $0.00 | 64,046 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-09-25 | 8,245 | $11.56 | 55,801 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2020-09-28 | 15,315 | $11.86 | 40,486 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Market Stock Units | Disposition | 2020-09-25 | 9,112 | $0.00 | 9,112 | $0.00 |
| Common Stock | Market Stock Units | Disposition | 2020-09-25 | 12,500 | $0.00 | 12,500 | $0.00 |
| Common Stock | Market Stock Units | Disposition | 2020-09-25 | 5,777 | $0.00 | 5,777 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2020-09-25 | No | 4 | M | Direct | |
| 8,334 | 2020-09-25 | No | 4 | M | Direct | |
| 16,667 | 2020-09-25 | No | 4 | M | Direct |
Footnotes
- Each unit converts upon vesting into one share of common stock.
- 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.
- Shares were sold pursuant to a Rule 10b5-1 Stock Trading Plan.
- This transaction was executed in multiple trades at prices ranging from $11.74 to $11.95. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- Shares reflect the vesting of the 3rd tranche of market-leveraged stock units granted on August 28, 2017 at 124.25% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
- There are no expiration dates on MSUs.
- Shares reflect the vesting of the 2nd tranche of market-leveraged stock units granted on August 28, 2018 at 150% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
- Shares reflect the vesting of the 1st tranche of market-leveraged stock units granted on August 28, 2019 at 69.33% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
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