Filing Details
- Accession Number:
- 0000912093-21-000035
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-02 21:00:19
- Reporting Period:
- 2021-02-28
- Accepted Time:
- 2021-03-02 21:00:19
- 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 |
|---|---|---|---|---|---|---|---|
| 1698474 | W Gary Staley | C/O Viavi Solutions Inc. 7047 E. Greenway Parkway, Suite 250 Scottsdale AZ 85254 | Svp Global Sales Nse | 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 | 2021-02-28 | 2,513 | $0.00 | 72,108 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-02-28 | 976 | $16.19 | 71,132 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-02-28 | 3,141 | $0.00 | 74,273 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-02-28 | 1,236 | $16.19 | 73,037 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2021-03-02 | 1,722 | $16.49 | 71,315 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| 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 | Restricted Stock Units | Disposition | 2021-02-28 | 2,513 | $0.00 | 2,513 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2021-02-28 | 3,141 | $0.00 | 3,141 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2021-02-28 | 37,500 | $0.00 | 37,500 | $0.00 |
| Common Stock | Performance Stock Units | Acquisiton | 2021-02-28 | 37,500 | $0.00 | 37,500 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 5,025 | 2021-02-28 | No | 4 | M | Direct | |
| 18,844 | 2021-02-28 | No | 4 | M | Direct | |
| 37,500 | No | 4 | A | Direct | ||
| 37,500 | No | 4 | A | 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.
- 1/3 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.
- There are no expiration dates on RSUs.
- Units subject to the Award shall vest on the four year anniversary of the grant date.
- This Award is a performance stock award subject to achievement of a stock price target. Units subject to the Award shall be earned when the average share price of the Company's common stock equals or exceeds $20 over a period of 90 consecutive calendar days at any time during the four year term of the Award. Once the performance condition is achieved, 50% of the Units subject to the Award shall vest immediately and the remaining 50% of the Units subject to the Award shall vest upon the earlier of (i) the first anniversary of achievement of the performance condition or (ii) the four year anniversary of the grant date.
- There are no expiration dates on PSUs.
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