Form 4 for CIEN Ciena
Accepted 2022-12-15 00:00:00 ET · period of report 2022-12-13 · accession 0001699193-22-000013 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-12-15 | 2022-12-13 | CIEN | Phipps Jason | SVP Gbl Sales, Marketing | A - Grant | $0.00 | +37.0K | 85.5K | +76% | $0 |
| D | 2022-12-15 | 2022-12-13 | CIEN | Phipps Jason | SVP Gbl Sales, Marketing | M - OptEx | — | +6,638 | 92.2K | +8% | — |
| D | 2022-12-15 | 2022-12-13 | CIEN | Phipps Jason | SVP Gbl Sales, Marketing | M - OptEx | $0.00 | -9,621 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-12-13 | A | A | 26,496 | $0.00 | 118,654 | D | — | — | (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. (F2) Shares reported include unvested Restricted Stock Units (RSUs), Performance Stock Units (PSUs), and Market Stock Units (MSUs). |
| 2 | Common | Common Stock | 2022-12-13 | A | A | 10,470 | $0.00 | 85,520 | D | — | — | (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). |
| 3 | Common | Common Stock | 2022-12-13 | M | A | 6,638 | — | 92,158 | D | — | — | (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. (F2) Shares reported include unvested Restricted Stock Units (RSUs), Performance Stock Units (PSUs), and Market Stock Units (MSUs). |
| 4 | Derivative | Market Stock Units (2022) | 2022-12-13 | M | D | 9,621 | $0.00 | 0 | D | $0.00 · — to — | 9,621 Common Stock | (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. (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. |