David W. Heard - Jul 5, 2021 Form 4 Insider Report for Infinera Corp (INFN)

Role: Chief Executive Officer, Director
Signature: /s/ Michael Hopp, by Power of Attorney
Stock symbol: INFN
Transactions as of: Jul 5, 2021
Transactions value $: -$191,322
Form type: 4
Date filed: 7/7/2021, 05:20 PM
Previous filing: Jun 8, 2021
Next filing: Sep 8, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INFN	Common Stock	Options Exercise	$0	+37.5K	+12.25%	$0.00	344K	Jul 5, 2021	Direct
transaction	INFN	Common Stock	Tax liability	-$191K	-18.6K	-5.41%	$10.29	325K	Jul 5, 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	-37.5K	-100%	$0.00^*	0	Jul 5, 2021	Common Stock	37.5K		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.