0001127602-23-023441.txt : 20230830
0001127602-23-023441.hdr.sgml : 20230830
20230830173837
ACCESSION NUMBER: 0001127602-23-023441
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230828
FILED AS OF DATE: 20230830
DATE AS OF CHANGE: 20230830
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McNab Paul
CENTRAL INDEX KEY: 0001619901
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-22874
FILM NUMBER: 231226255
MAIL ADDRESS:
STREET 1: C/O JDS UNIPHASE CORPORATION
STREET 2: 430 N MCCARTHY BOULEVARD
CITY: MILPITAS
STATE: CA
ZIP: 95035
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: 0701
BUSINESS ADDRESS:
STREET 1: 1445 SOUTH SPECTRUM BLVD.
STREET 2: SUITE 102
CITY: CHANDLER
STATE: AZ
ZIP: 85286
BUSINESS PHONE: 4084043600
MAIL ADDRESS:
STREET 1: 1445 SOUTH SPECTRUM BLVD.
STREET 2: SUITE 102
CITY: CHANDLER
STATE: AZ
ZIP: 85286
FORMER COMPANY:
FORMER CONFORMED NAME: JDS UNIPHASE CORP /CA/
DATE OF NAME CHANGE: 19990713
4
1
form4.xml
PRIMARY DOCUMENT
X0508
4
2023-08-28
0000912093
VIAVI SOLUTIONS INC.
VIAV
0001619901
McNab Paul
C/O VIAVI SOLUTIONS INC.
1445 SOUTH SPRECTRUM BLVD, SUITE 102
CHANDLER
AZ
85286
1
EVP, Chief Mktg & Stgy Officer
0
Common Stock
2023-08-28
4
M
0
10040
0
A
70007
D
Common Stock
2023-08-28
4
F
0
3472
10.21
D
66535
D
Common Stock
2023-08-28
4
M
0
8402
0
A
74937
D
Common Stock
2023-08-28
4
F
0
2906
10.21
D
72031
D
Common Stock
2023-08-28
4
M
0
9907
0
A
81938
D
Common Stock
2023-08-28
4
F
0
3426
10.21
D
78512
D
Restricted Stock Unit
0
2023-08-28
4
A
0
38636
0
A
Common Stock
38636
38636
D
Market Stock Units
0
2023-08-28
4
A
0
38636
0
A
Common Stock
38636
38636
D
Restricted Stock Units
0
2023-08-28
4
M
0
10040
0
D
Common Stock
10040
0
D
Restricted Stock Units
0
2023-08-28
4
M
0
8402
0
D
Common Stock
8402
8403
D
Restricted Stock Unit
0
2023-08-28
4
M
0
9907
0
D
Common Stock
9907
19813
D
Each stock 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.
Reflects a decrease of 11,860 shares that were transferred pursuant to an exempt transaction.
Units subject to the Award shall vest annually in thee equal installments over three years.
There are no expiration dates on RSUs
See Exhibit 99 - FY2024 MSU for vesting schedule and terms
There are no expiration dates on MSUs.
/s/ Donna T. Rossi, attorney-in-fact
2023-08-30
EX-99
2
doc1.txt
MISCELLANEOUS (PUBLIC): FY24 MSU EXHIBIT
MSU Grant Exhibit:
The number of MSUs 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 2024 through 2026, with
one-year (fiscal 2024), two-year (fiscal 2024 and 2025), and three-year
(fiscal 2024, 2025, and 2026) performance periods. The TSR for each period
will be compared against the period of August 1, 2023 to September 15, 2023.
The MSU 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 MSUs, 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.