David M. Rothenstein - Dec 15, 2023 Form 4 Insider Report for CIENA CORP (CIEN)

Role
SVP and Chief Strategy Officer
Signature
By: Michelle Rankin For: David M Rothenstein
Stock symbol
CIEN
Transactions as of
Dec 15, 2023
Transactions value $
-$155,400
Form type
4
Date filed
12/18/2023, 06:54 PM
Previous filing
Dec 14, 2023
Next filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIEN Common Stock Sale -$155K -3.5K -1.4% $44.40 246K Dec 15, 2023 Direct F1, F2
* 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 12/15/2022.
F2 Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).