Paul J. Milbury - 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, 09:21 PM
Next filing
Jun 2, 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 +30.76% $0.00 136K 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. Milbury'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 the grant, subject to Mr. Milbury's continued service to the Company.