CIENA CORP 4
4 · CIENA CORP · Filed Jul 31, 2006
Insider Transaction Report
Form 4
CIENA CORPcien
STEVENSON RUSSELL B JR
SR. VP, GENERAL COUNSEL
Transactions
- Tax Payment
Common Stock
2006-07-29$3.53/sh−1,698$5,994→ 105,534 total
Footnotes (1)
- [F1]Share reported represent the amount forfeited to cover the tax liabilities of the reporting person pursuant to a restricted stock unit (RSU) award agreement. The RSU vests at the end of Ciena's fiscal quarters over a four year term and shares are issued net of taxes upon vesting. Acquisition of the RSU was previously reported in Table I of reporting person's Form 4 filed on November 3, 2005.