Sec Form 4 Filing - OYE KEVIN @ SYCAMORE NETWORKS INC - 2012-02-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
OYE KEVIN
2. Issuer Name and Ticker or Trading Symbol
SYCAMORE NETWORKS INC [ SCMR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP, Systems and Technology
(Last) (First) (Middle)
C/O SYCAMORE NETWORKS INC., 220 MILL ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/15/2012
(Street)
CHELMSFORD, MA01824
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/15/2012 M 250 A $ 17.388 409 D
Common Stock 02/15/2012 M 2,540 A $ 17.7002 2,949 D
Common Stock 02/15/2012 S( 1 ) 2,790 D $ 20 159 D
Common Stock 02/16/2012 M 9,713 A $ 17.388 9,872 D
Common Stock 02/16/2012 S( 1 ) 9,713 D $ 20.0058 ( 2 ) 159 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy) $ 17.7002 ( 3 ) 02/15/2012 A 2,540 ( 3 ) 07/29/2002( 4 ) 04/29/2012 Common Stock 2,540 $ 0 3,340 D
Non-Qualified Stock Option (Right to Buy) $ 17.388 ( 3 ) 02/15/2012 A 250 ( 3 ) 07/29/2002( 4 ) 04/29/2012 Common Stock 250 $ 0 106,801 D
Non-Qualified Stock Option (Right to Buy) $ 17.388 ( 3 ) 02/16/2012 A 9,713 ( 3 ) 07/29/2002( 4 ) 04/29/2012 Common Stock 9,713 $ 0 97,088 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
OYE KEVIN
C/O SYCAMORE NETWORKS INC.
220 MILL ROAD
CHELMSFORD, MA01824
VP, Systems and Technology
Signatures
By: /s/ Alan R. Cormier For: Kevin J. Oye 02/17/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2011.
( 2 )This transaction was executed in multiple trades at prices ranging from $20.00 to $20.05 per share. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
( 3 )Amount takes into account adjustments made to the exercise prices and option awards share numbers following the implementation of the previously announced 1-for-10 reverse stock split of the Company's Common Stock, which became effective at 5:00 p.m., Eastern Time, on December 21, 2009 and the payment of cash distributions of $1.00 and $6.50 per share of Common Stock on December 15, 2009 and December 22, 2010, respectively. Under the terms of the reverse stock split, every ten shares of the Company's issued and outstanding Common Stock immediately prior to the effective time were combined into one share of Common Stock.
( 4 )Options vested 8.33% on July 29, 2002 and 8.33% quarterly thereafter. Options became fully vested on April 29, 2005.

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