DAVID W. HEARD - 05 Jul 2021 Form 4 Insider Report for Infinera Corp

Role: Chief Executive Officer, Director
Signature: /s/ Michael Hopp, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 05 Jul 2021
Net transactions value: -$191,322
Form type: 4
Filing time: 07 Jul 2021, 17:20:38 UTC
Previous filing: 08 Jun 2021
Next filing: 08 Sep 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	+37,500	+12%	$0.000000	343,718	05 Jul 2021	Direct
transaction	INFN	Common Stock	Tax liability	$191,322	-18,593	-5.4%	$10.29	325,125	05 Jul 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	-37,500	-100%	$0.000000^*	0	05 Jul 2021	Common Stock	37,500		Direct	F1, F2

* 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 vest in four annual installments beginning on the one-year anniversary of the vesting commencement date, which is July 5, 2017, subject to Mr. Heard's continued service to the Company through each applicable vesting date.