secwatch.observer — SEC 8-K summary
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Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2021-12-14T23:59:59+00:00
Accession:  0001193125-21-356718
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ciena enters $250M accelerated share repurchase agreement with Goldman Sachs
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- Initial delivery of ~2.7 million shares (80% of expected repurchase, based on $74.12 close on Dec 13).
- Repurchase is part of the previously announced $1.0 billion share buyback program.
- Final settlement expected in fiscal quarter ending April 30, 2022; funded from cash on hand.
- ASR mechanism uses daily VWAP less discount, with potential adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000119312521356718/0001193125-21-356718-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000119312521356718/d249941d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-356718

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer