1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (right to buy)
|
Â
(1)
|
05/20/2012 |
Common Stock
|
88,000
|
$
6.9
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(1)
|
08/20/2012 |
Common Stock
|
90,000
|
$
4.3
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(1)
|
11/19/2012 |
Common Stock
|
15,000
|
$
4.53
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(1)
|
05/14/2013 |
Common Stock
|
12,500
|
$
5.55
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(1)
|
11/05/2013 |
Common Stock
|
19,750
|
$
6.7
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(1)
|
05/18/2014 |
Common Stock
|
12,500
|
$
3.58
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(1)
|
05/26/2014 |
Common Stock
|
37,500
|
$
3.28
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(2)
|
10/26/2014 |
Common Stock
|
18,750
|
$
2.41
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(1)
|
12/10/2014 |
Common Stock
|
80,000
|
$
2.85
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(3)
|
06/10/2015 |
Common Stock
|
14,000
|
$
2.36
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(4)
|
10/26/2015 |
Common Stock
|
70,000
|
$
2.49
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Option is fully vested. On October 26, 2005, the Board of Directors accelerated the vesting of Ciena's unvested, "out-of-the-money" stock options having an exercise price per share of $2.50 or greater. |
(2) |
Option vests at a rate of 25% on October 31, 2005 and 2.084% for each of the 36 months thereafter. |
(3) |
Option vests at a rate of 25% on June 30, 2006 and 2.084% for each of the 36 months thereafter. |
(4) |
Option vests in equal amounts over 48 months beginning on November 1, 2005. |