GARY B. SMITH - 14 Dec 2021 Form 4 Insider Report for CIENA CORP (CIEN)

Role
President, CEO, Director
Signature
By: Michelle Rankin For: Gary B. Smith
Issuer symbol
CIEN
Transactions as of
14 Dec 2021
Transactions value $
$0
Form type
4
Filing time
16 Dec 2021, 15:02:16 UTC
Previous filing
22 Sep 2021
Next filing
22 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIEN Common Stock Award $0 +104K +33.8% $0.00 412K 14 Dec 2021 Direct F1, F2
transaction CIEN Common Stock Options Exercise +104K +25.29% 517K 14 Dec 2021 Direct F2, F3, F4
transaction CIEN Common Stock Award $0 +53.9K +10.44% $0.00 571K 14 Dec 2021 Direct F2, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CIEN Market Stock Units (2021) Options Exercise $0 -52.2K -100% $0.00* 0 14 Dec 2021 Common Stock 52.2K $0.00 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the number of stock units earned pursuant to the terms of a performance stock unit award granted on December 16, 2020 reflecting the achievement of the related performance conditions. These shares vest in equal 1/2 amounts on each of December 20, 2021 and 2022.
F2 Shares reported include unvested Restricted Stock Units (RSUs), Performance Stock Units (PSUs), and Market Stock Units (MSUs).
F3 Reflects the number of stock units earned pursuant to the terms of a market stock unit (MSU) award granted on December 18, 2018 reflecting the level of achievement of the applicable total shareholder return (TSR) performance conditions. These shares vest on December 20, 2021.
F4 Each MSU will convert on the vesting date into common stock pursuant to the terms of the MSU award.
F5 Reflects Restricted Stock Units (RSUs) that vest over four years, with one-sixteenth of the grant amount vesting on March 20, June 20, September 20, and December 20 of each year, commencing on March 20, 2022.
F6 Each MSU represents the contingent right to receive, following vesting, between 0% and 200% of one share of the Issuer's common stock, subject to the level of achievement of applicable TSR performance conditions over a three-year period from fiscal 2019 through fiscal 2021.