SEC Form 4 · accession 0001444157-17-000046
CIENA CORP · CIEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Rothenstein
Officer — Sr. VP, General Counsel
Period of report
Dec 12, 2017
Accepted (ET)
Dec 14, 2017 · 2:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000936395
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 12, 2017 | A | 20,232 | $0.00 | A | 279,765 | D | |
| Common StockF3,F2 | Dec 12, 2017 | A | 28,695 | $0.00 | A | 308,460 | D | |
| Common StockF4,F2 | Dec 12, 2017 | A | 5,984 | $0.00 | A | 314,444 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Stock UnitsF5,F6 | $0.00 | Dec 12, 2017 | A | 11,478 | A | — | — | Common Stock | 11,478 | 11,478 | D |
Explanation of responses
- F1Reflects the number of stock units earned pursuant to the terms of a performance stock unit award granted on 12/14/2016 reflecting the achievement of the related performance conditions. These shares vest in equal 1/3 amounts on each December 20, 2017, 2018, and 2019.
- F2Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
- F3Reflects 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, 2018.
- F4Reflects the number of stock units earned pursuant to the terms of a performance stock unit award granted on 12/17/2014 reflecting the achievement of the related performance conditions for the applicable performance period. These shares will vest on December 20 following the performance period.
- F5Each market stock unit (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 total shareholder return (TSR) performance conditions over a three-year period from fiscal 2018 through fiscal 2020.
- F6The MSUs will vest on December 20, 2020, subject to the performance conditions described above.