GARY B. SMITH - 13 Dec 2022 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
13 Dec 2022
Transactions value $
$0
Form type
4
Filing time
15 Dec 2022, 18:03:59 UTC
Previous filing
18 Nov 2022
Next filing
22 Dec 2022
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 +48.5K +12.78% $0.00 429K 13 Dec 2022 Direct F1, F2
transaction CIEN Common Stock Options Exercise +35.4K +8.26% 464K 13 Dec 2022 Direct F2, F3, F4
transaction CIEN Common Stock Award $0 +97.2K +20.94% $0.00 561K 13 Dec 2022 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 (2022) Options Exercise $0 -51.3K -100% $0.00* 0 13 Dec 2022 Common Stock 51.3K $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 (PSU) award granted on December 14, 2021 reflecting the achievement of the related performance conditions. These shares vest in equal 1/2 amounts on each of December 20, 2022 and 2023.
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 17, 2019 reflecting the level of achievement of the applicable total shareholder return (TSR) performance conditions. These shares vest on December 20, 2022.
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, 2023.
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 2020 through fiscal 2022.