0001140361-17-033844.txt : 20170830 0001140361-17-033844.hdr.sgml : 20170830 20170830212112 ACCESSION NUMBER: 0001140361-17-033844 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170828 FILED AS OF DATE: 20170830 DATE AS OF CHANGE: 20170830 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SCRIVANICH LUKE M CENTRAL INDEX KEY: 0001556374 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22874 FILM NUMBER: 171061911 MAIL ADDRESS: STREET 1: 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: 0702 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 4 1 doc1.xml FORM 4 X0306 4 2017-08-28 0 0000912093 VIAVI SOLUTIONS INC. VIAV 0001556374 SCRIVANICH LUKE M C/O VIAVI SOLUTIONS INC. 430 NORTH MCCARTHY BOULEVARD MILPITAS CA 95035 0 1 0 0 SVP General Manager OSP Restricted Stock Unit 0 2017-08-28 4 A 0 27000 0 A Common Stock 27000 27000 D Restricted Stock Unit 0 2017-08-28 4 A 0 27000 0 A Common Stock 27000 27000 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 99.17B. /s/ Wendy Le, Global Equity Plan Manager, Attorney-in-fact 2017-08-28 EX-99.17B 2 ex99_17b.htm
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 2018 through 2020, with one-year (fiscal 2018), two-year (fiscal 2018 and 2019), and three-year (fiscal 2018, 2019, and 2020) performance periods. The TSR for each period will be compared against the period of August 1, 2017 to September 15, 2017.  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.