Greg Dougherty - May 21, 2021 Form 4 Insider Report for Infinera Corp (INFN)

Role: Director
Signature: /s/ Michael Hopp, by Power of Attorney
Stock symbol: INFN
Transactions as of: May 21, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/25/2021, 09:12 PM
Previous filing: May 13, 2021
Next filing: May 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INFN	Common Stock	Options Exercise	$0	+32.1K	+40.65%	$0.00	111K	May 21, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	INFN	Restricted Stock Units	Options Exercise	$0	-32.1K	-100%	$0.00^*	0	May 21, 2021	Common Stock	32.1K		Direct	F1, F2
transaction	INFN	Restricted Stock Units	Award	$0	+18.2K		$0.00	18.2K	May 21, 2021	Common Stock	18.2K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (the "Company").
F2	These RSUs have a vesting commencement date of May 21, 2020 and vest on the earlier of the date of the next annual meeting of stockholders or the one-year anniversary of the date of grant, subject to Mr. Dougherty's continued service to the Company.
F3	These RSUs have a vesting commencement date of May 21, 2021 and vest on the earlier of the date of the next annual meeting of stockholders or the one-year anniversary of the date of grant, subject to Mr. Dougherty's continued service to the Company.