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

Role: Director
Signature: /s/ Michael Hopp, by Power of Attorney
Issuer symbol: INFN
Transactions as of: 21 May 2021
Net transactions value: $0
Form type: 4
Filing time: 25 May 2021, 21:12:39 UTC
Previous filing: 13 May 2021
Next filing: 26 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INFN	Common Stock	Options Exercise	$0	+32,101	+41%	$0.000000	111,076	21 May 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	-32,101	-100%	$0.000000^*	0	21 May 2021	Common Stock	32,101		Direct	F1, F2
transaction	INFN	Restricted Stock Units	Award	$0	+18,211		$0.000000	18,211	21 May 2021	Common Stock	18,211		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.