0000912093-21-000096.txt : 20210602 0000912093-21-000096.hdr.sgml : 20210602 20210602165657 ACCESSION NUMBER: 0000912093-21-000096 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210528 FILED AS OF DATE: 20210602 DATE AS OF CHANGE: 20210602 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Derksen Henk CENTRAL INDEX KEY: 0001480409 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22874 FILM NUMBER: 21989930 MAIL ADDRESS: STREET 1: 1 N. BRENTWOOD BLVD. STREET 2: SUITE 1500 CITY: SAINT LOUIS STATE: MO ZIP: 63105 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: VIAVI SOLUTIONS INC. CENTRAL INDEX KEY: 0000912093 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 942579683 STATE OF INCORPORATION: DE FISCAL YEAR END: 0703 BUSINESS ADDRESS: STREET 1: 6001 AMERICA CENTER DRIVE STREET 2: 6TH FLOOR CITY: SAN JOSE STATE: CA ZIP: 95002 BUSINESS PHONE: 4084043600 MAIL ADDRESS: STREET 1: 6001 AMERICA CENTER DRIVE STREET 2: 6TH FLOOR CITY: SAN JOSE STATE: CA ZIP: 95002 FORMER COMPANY: FORMER CONFORMED NAME: JDS UNIPHASE CORP /CA/ DATE OF NAME CHANGE: 19990713 4 1 wf-form4_162266739681143.xml FORM 4 X0306 4 2021-05-28 0 0000912093 VIAVI SOLUTIONS INC. VIAV 0001480409 Derksen Henk C/O VIAVI SOLUTIONS INC. 7047 E. GREENWAY PARKWAY, SUITE 250 SCOTTSDALE AZ 85254 0 1 0 0 EVP, CFO Restricted Stock Units 0.0 2021-05-28 4 A 0 91631 0 A Common Stock 91631.0 91631 D Market Stock Units 0.0 2021-05-28 4 A 0 91631 0 A Common Stock 91631.0 91631 D The units subject to the Award shall vest in equal amounts on the next four anniversaries of the grant date. There are no expiration dates on RSUs. See Exhibit 99.1 There are no expiration dates on MSUs. /s/ Barbara Wallace, Attorney-in-Fact 2021-06-02 EX-99 2 fy2021msunhexhibit.htm EXHIBIT 99.1

MSU Grant Exhibit:

The number of performance RSUs that vest will be based on the Company's total stockholder return ("TSR") relative to the performance of the component companies in the NASDAQ Telecommunications Index (the "NASDAQ Telecom Index") measured over a four-year performance period covering fiscal years 2022 through 2025, with one-year (fiscal 2022), two-year (fiscal 2022 and 2023), three-year (fiscal 2022, 2023, and 2024) and four year (fiscal 2022, 2023, 2024 and 2025) performance periods. The TSR for each period will be compared against the period of March 15, 2021 to April 28, 2021. The performance RSU award will be divided into four equal tranches, with one tranche assigned to each measurement period.

The actual number of shares that vest will be determined by the Compensation Committee after the end of each measurement period based on the relative TSR for the period and will range from 0% to 150% of the target amount for that period. In order to vest in 100% of the target number of RSUs, the Company's TSR must be at the 55th percentile of the NASDAQ Telecom Index for each measurement period.

The actual percentage of shares earned will be determined by the Committee at the end of each year of the MSU Performance Period and will be interpolated on a linear basis for performance between threshold and target for each level of achievement as follows:

Performance Threshold/Target............Shares Earned
0-25th Percentile.......................0% of Target Shares
25th-55th Percentile....................0%-100% of Target Shares
55th-100th Percentile...................100%-150% of Target Shares

Each earned unit converts into one share of common stock on the vesting date.