0001127602-21-024620.txt : 20210831 0001127602-21-024620.hdr.sgml : 20210831 20210831202616 ACCESSION NUMBER: 0001127602-21-024620 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210828 FILED AS OF DATE: 20210831 DATE AS OF CHANGE: 20210831 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KHAYKIN OLEG CENTRAL INDEX KEY: 0001278725 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22874 FILM NUMBER: 211228447 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 form4.xml PRIMARY DOCUMENT X0306 4 2021-08-28 0000912093 VIAVI SOLUTIONS INC. VIAV 0001278725 KHAYKIN OLEG C/O VIAVI SOLUTIONS INC. 7047 E GREENWAY PKWY SUITE 250 SCOTTSDALE AZ 85254 1 President & CEO Common Stock 2021-08-28 4 M 0 17288 0 A 543550 D Common Stock 2021-08-28 4 F 0 6803 16.67 D 536747 D Common Stock 2021-08-28 4 M 0 16277 0 A 553024 D Common Stock 2021-08-28 4 F 0 6405 16.67 D 546619 D Common Stock 2021-08-28 4 M 0 87851 0 A 634470 D Common Stock 2021-08-28 4 F 0 34570 16.67 D 599900 D Restricted Stock Units 0 2021-08-28 4 M 0 17288 0 D Common Stock 17288 0 D Restricted Stock Units 0 2021-08-28 4 M 0 16277 0 D Common Stock 16277 65107 D Restricted Stock Units 0 2021-08-28 4 M 0 87851 0 D Common Stock 87851 175703 D Market Stock Units 0 2021-08-28 4 A 0 207591 0 A Common Stock 207591 207591 D Restricted Stock Units 0 2021-08-28 4 A 0 207591 0 A Common Stock 207591 207591 D 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. Units subject to the Award shall vest annually in three equal installments over three years. There are no expiration dates on RSUs See Exhibit 99 - FY2022 MSU Exhibit for vesting schedule and terms There are no expiration dates on MSUs. /s/ Barbara R. Wallace, attorney-in-fact 2021-08-31 EX-99 2 doc1.txt MISCELLANEOUS (PUBLIC): FY2022 MSU EXHIBIT MSU Grant Exhibit: The number of 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 three-year performance period covering fiscal years 2022 through 2024, with one-year (fiscal 2022), two-year (fiscal 2022 and 2023), and three-year (fiscal 2022, 2023, and 2024) performance periods. The TSR for each period will be compared against the period of August 1, 2021 to September 15, 2021. The RSU award will be divided into three 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.