0001127602-23-028492.txt : 20231130
0001127602-23-028492.hdr.sgml : 20231130
20231130190148
ACCESSION NUMBER: 0001127602-23-028492
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 3
CONFORMED PERIOD OF REPORT: 20231128
FILED AS OF DATE: 20231130
DATE AS OF CHANGE: 20231130
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Daskal Ilan
CENTRAL INDEX KEY: 0001446964
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-22874
FILM NUMBER: 231457082
MAIL ADDRESS:
STREET 1: 1000 ALFRED NOBEL DRIVE
CITY: HERCULES
STATE: CA
ZIP: 94547
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
2023-11-28
0000912093
VIAVI SOLUTIONS INC.
VIAV
0001446964
Daskal Ilan
C/O VIAVI SOLUTIONS INC.
1445 SOUTH SPECTRUM BLVD, SUITE 102
CHANDLER
AZ
85286
1
EVP, CFO
0
Market Stock Units
0
2023-11-28
4
A
0
113636
0
A
Common Stock
113636
0
D
Market Stock Units
0
2023-11-28
4
A
0
263774
0
A
Common Stock
263774
0
D
Restricted Stock Unit
0
2023-11-28
4
A
0
113636
0
A
Common Stock
113636
0
D
Restricted Stock Unit
0
2023-11-28
4
A
0
263774
0
A
Common Stock
263774
0
D
See Exhibit 99.1 - FY24 Focal Grant MSU for vesting schedule and terms
There are no expiration dates on MSUs
See Exhibit 99.2 - FY24 New Hire Grant MSU for vesting schedule and terms
Units subject to the Award shall vest annually in three equal installments
There are no expiration dates on RSUs
Units subject to the Award shall vest annually in four equal installments
/s/ Donna T. Rossi, attorney-in-fact
2023-11-30
EX-99
2
doc1.txt
MISCELLANEOUS (PUBLIC): EXHIBIT 99.1
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 November 7, 2023 to December 21, 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.
EX-99
3
doc2.txt
MISCELLANEOUS (PUBLIC): EXHIBIT 99.2
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
four-year performance period covering fiscal years 2024 through 2027, with
one-year (fiscal 2024), two-year (fiscal 2024 and 2025), three-year
(fiscal 2024, 2025, and 2026), and four-year (fiscal 2024, 2025, 2026
and 2027) performance periods. The TSR for each period
will be compared against the period of November 7, 2023 to December 21, 2023.
The MSU 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 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.