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This excerpt taken from the CIEN DEF 14A filed Feb 2, 2009. EQUITY
COMPENSATION PLAN INFORMATION
The Board of Directors previously determined that future grants
of stock options, restricted stock, or other forms of
equity-based compensation will be issued only under the 2008
Plan. Upon stockholder approval of the 2008 Plan, the Board of
Directors capped future equity grants under all other current
and acquired equity incentive plans, excluding Ciena’s 2003
Employee Stock Purchase Plan (“ESPP”). The following
table provides information as of the end of fiscal 2008, with
respect to the shares of Ciena common stock that may be issued
under Ciena’s existing equity compensation plans.
Table of Contents
This excerpt taken from the CIEN DEF 14A filed Feb 8, 2008. EQUITY
COMPENSATION PLAN INFORMATION
The Board of Directors previously determined that future grants
of stock options, restricted stock, or other forms of
equity-based compensation will be issued only under the 2000
Plan. The Board of Directors capped future equity grants under
all other current equity incentive plans, excluding Ciena’s
ESPP. The following table provides information as of the end of
fiscal 2007, with respect to the shares of Ciena common stock
that may be issued under Ciena’s existing equity
compensation plans. If our shareholders approve the 2008 Plan at
the Annual Meeting, we will not make any further awards under
our prior equity incentive compensation plans and will make
future awards exclusively from the 2008 Plan and ESPP. See
“Proposal No. 2 — Approval of 2008
Omnibus Incentive Compensation Plan” above for more
information.
This excerpt taken from the CIEN DEF 14A filed Jan 26, 2007. Equity
Compensation Plan Information
The Board of Directors has determined that future grants of
stock options, restricted stock, or other forms of equity-based
compensation will be issued only under the Ciena Corporation
2000 Equity Incentive Plan (the “2000 Plan”). The
Board of Directors capped future equity grants under all other
current equity incentive plans, excluding Ciena’s 2003
Employee Stock Purchase Plan (“ESPP”). The following
table provides information as of October 31, 2006 with
respect to the shares of Ciena’s common stock that may be
issued under Ciena’s existing equity compensation plans.
This excerpt taken from the CIEN DEF 14A filed Jan 26, 2005. Equity Compensation Plan Information
The following table provides information as of October 31, 2004 with respect to the shares of Ciena’s common stock that may be issued under Ciena’s existing equity compensation plans.
17
The Board of Directors approved the 1999 Non-Officer Stock Option Plan (the “1999 Plan”) on August 18, 1999. The 1999 Plan has not been submitted to Ciena’s stockholders for approval. The Compensation Committee of the Board of Directors administers the 1999 Plan. As of October 31, 2004, options to purchase 38,359,335 shares of Ciena’s common stock were outstanding under the 1999 Plan and 16,981,142 shares of common stock remained available for future issuance under the 1999 Plan. The weighted-average exercise price of the outstanding options was $7.02 per share. Shares issued under the 1999 Plan again become available for issuance if an option granted under the plan is cancelled for any reason prior to exercise or vesting in full. The 1999 Plan authorizes the grant of non-qualified options to purchase Ciena’s common stock to full-time employees and other individuals, as determined by the Compensation Committee. However, Ciena’s executive officers and directors cannot be granted options under the 1999 Plan. The exercise price of options granted under the 1999 Plan must be at least 85% of the fair market value of Ciena’s common stock on the date of grant. Each option will vest and become exercisable in installments over the option holder’s period of service with Ciena, as determined by the Compensation Committee. 18
Options granted under the 1999 Plan will become exercisable on an accelerated basis in the event that Ciena is acquired and the options are not assumed or replaced by the acquiring entity. The Compensation Committee may amend, suspend or terminate the 1999 Plan at any time. However, any amendment, suspension or termination of the 1999 Plan may not alter or impair the rights of an option holder without his or her consent.
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