Statement of Changes in Beneficial Ownership (4)
December 18 2020 - 1:13PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Phipps Jason |
2. Issuer Name and Ticker or Trading Symbol
CIENA CORP
[
CIEN
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP Global Sales and Marketing |
(Last)
(First)
(Middle)
C/O CIENA CORPORATION, 7035 RIDGE RD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/16/2020 |
(Street)
HANOVER, MD 21076-1426
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/16/2020 | | A | | 19794 (1) | A | $0.0 | 88246 (2) | D | |
Common Stock | 12/16/2020 | | M | | 19130 (3) | A | (4) | 107376 (2) | D | |
Common Stock | 12/16/2020 | | A | | 13203 (5) | A | $0.0 | 120579 (2) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Market Stock Units | $0.0 | 12/16/2020 | | M | | | 9565 (6) | (3) | (3) | Common Stock | 9565 (6) | $0.0 | 0 | D | |
Explanation of Responses: |
(1) | 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, 2021. |
(2) | Shares reported include unvested Restricted Stock Units (RSUs), Performance Stock Units (PSUs), and Market Stock Units (MSUs). |
(3) | Reflects the number of stock units earned pursuant to the terms of a market stock unit (MSU) award granted on December 12, 2017 reflecting the level of achievement of the applicable total shareholder return (TSR) performance conditions. These shares vest on December 20, 2020. |
(4) | Each MSU will convert on the vesting date into common stock pursuant to the terms of the MSU award. |
(5) | Reflects the number of stock units earned pursuant to the terms of a performance stock unit award granted on December 17, 2019 reflecting the achievement of the related performance conditions. These shares vest in equal 1/2 amounts on each of December 20, 2020 and 2021. |
(6) | 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 2018 through fiscal 2020. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Phipps Jason C/O CIENA CORPORATION 7035 RIDGE RD. HANOVER, MD 21076-1426 |
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| SVP Global Sales and Marketing |
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Signatures
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By: Michelle Rankin For: Jason Phipps | | 12/18/2020 |
**Signature of Reporting Person | Date |
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