Gary B. Smith - Sep 15, 2023 Form 4 Insider Report for CIENA CORP (CIEN)

Signature
By: Michelle Rankin For: Gary B Smith
Stock symbol
CIEN
Transactions as of
Sep 15, 2023
Transactions value $
-$203,262
Form type
4
Date filed
9/19/2023, 05:14 PM
Previous filing
Sep 5, 2023
Next filing
Sep 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIEN Common Stock Sale -$203K -4.17K -0.96% $48.79 429K Sep 15, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sales were effected pursuant to Rule 10b5-1 trading plan dated 03/11/2023
F2 Reflects the weighted average sales price with transactions in a range of sales from $48.62 to $48.93. Upon request by the SEC, full information regarding the number of shares sold at each separate sales price will be provided.
F3 Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).