Documentation for JIRA 5.0. Documentation for other versions of JIRA is available too. 
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This operator will match the value name (e.g. "Resolved"), which was configured in your system at the time that the field was changed. This operator will also match the value ID associated with that value name too — that is, it will match "4" as well as "Resolved".
(Note: This operator can be used with the Assignee, Fix Version, Priority, Reporter, Resolution and Status fields only.)