Michael H. Fernicola - Jun 5, 2021 Form 4 Insider Report for Infinera Corp (INFN)

Role: Chief Accounting Officer
Signature: /s/ Michael Hopp, by Power of Attorney
Stock symbol: INFN
Transactions as of: Jun 5, 2021
Transactions value $: -$17,444
Form type: 4
Date filed: 6/8/2021, 07:17 PM
Next filing: Aug 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INFN	Common Stock	Options Exercise	$0	+1.67K		$0.00	1.67K	Jun 5, 2021	Direct
transaction	INFN	Common Stock	Tax liability	-$8.33K	-813	-48.8%	$10.24	853	Jun 5, 2021	Direct
transaction	INFN	Common Stock	Sale	-$9.12K	-853	-100%	$10.69	0	Jun 8, 2021	Direct	F1

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	-1.67K	-12.49%	$0.00	11.7K	Jun 5, 2021	Common Stock	13.3K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The shares were sold pursuant to a Rule 10b5-1 trading plan entered into by Mr. Fernicola.
F2	Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (the "Company").
F3	These RSUs vest as to one-third of the shares on the one year anniversary of the vesting commencement date, which is March 5, 2020, and 1/12th quarterly thereafter, subject to Mr. Fernicola's continued service to the Company through each applicable vesting date.