0001140361-15-033294.txt : 20150824 0001140361-15-033294.hdr.sgml : 20150824 20150824201936 ACCESSION NUMBER: 0001140361-15-033294 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150820 FILED AS OF DATE: 20150824 DATE AS OF CHANGE: 20150824 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: 0627 BUSINESS ADDRESS: STREET 1: 430 NORTH MCCARTHY BOULEVARD CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4084043600 MAIL ADDRESS: STREET 1: 430 NORTH MCCARTHY BOULEVARD CITY: MILPITAS STATE: CA ZIP: 95035 FORMER COMPANY: FORMER CONFORMED NAME: JDS UNIPHASE CORP /CA/ DATE OF NAME CHANGE: 19990713 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: 151072040 MAIL ADDRESS: STREET 1: C/O JDS UNIPHASE CORPORATION STREET 2: 430 N MCCARTHY BOULEVARD CITY: MILPITAS STATE: CA ZIP: 95035 4 1 doc1.xml FORM 4 X0306 4 2015-08-20 0 0000912093 VIAVI SOLUTIONS INC. VIAV 0001619901 McNab Paul C/O VIAVI SOLUTIONS INC. 430 NORTH MCCARTHY BOULEVARD MILPITAS CA 95035 0 1 0 0 EVP, Chief Mktg & Stgy Officer Restricted Stock Unit 0 2015-08-20 4 A 0 42500 0 A Common Stock 42500 42500 D Restricted Stock Unit 0 2015-08-20 4 A 0 63750 0 A Common Stock 63750 63750 D Each unit converts upon vesting into one share of common stock. 33% 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. See Exhibit 99.15 /s/ Nina Chellew, Global Equity Plan Manager, Attorney-in-fact 2015-08-24 EX-99.15 2 ex99_15.htm EXHIBIT 99.15 Unassociated Document
Exhibit 99.15
 
On August 18, 2015, the Compensation Committee (the "Committee") of Viavi Solutions Inc. (the "Company") established the Company's 2015 Market Stock Unit Grant Policy (the "2016 MSU Policy") providing that all awards of market-based stock units ("MSUs"), including, subject to participant approval, outstanding MSUs previously granted, with vesting tied to total stockholder return compared to the NASDAQ Telecomm Index over performance periods ending on each of September 15, 2016, September 15, 2017 and September 15, 2018 (the "MSU Performance Period"), with one-third of a participant's award being earnable in each year of the MSU Performance Period. Under the 2016 MSU Policy, the number of shares earned for each year of the MSU Performance Period is based on the Company's relative ranking versus the NASDAQ Telecom Index. Viavi's relative ranking will be evaluated based on comparing a base price for the Company's common stock against the companies that make up the Nasdaq Telecom Index (determined as the weighted average stock price for each year for each company in the Index during the MSU Performance Period). The maximum number of shares that can be earned is 150% of target with a minimum of 0% of target 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
 
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.