Nancy Erba - Sep 5, 2021 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Financial Officer
Signature
/s/ Michael Hopp, by Power of Attorney
Stock symbol
INFN
Transactions as of
Sep 5, 2021
Transactions value $
-$644,648
Form type
4
Date filed
9/8/2021, 08:22 PM
Previous filing
Jul 2, 2021
Next filing
Sep 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFN Common Stock Options Exercise $0 +6.46K +5.8% $0.00 118K Sep 5, 2021 Direct
transaction INFN Common Stock Tax liability -$28.3K -3.2K -2.72% $8.84 115K Sep 5, 2021 Direct
transaction INFN Common Stock Options Exercise $0 +141K +122.75% $0.00 255K Sep 5, 2021 Direct
transaction INFN Common Stock Tax liability -$616K -69.7K -27.32% $8.84 185K Sep 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 -6.46K -14.28% $0.00 38.8K Sep 5, 2021 Common Stock 45.2K Direct F1, F2
transaction INFN Restricted Stock Units Options Exercise $0 -141K -33.33% $0.00 281K Sep 5, 2021 Common Stock 422K 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 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 Ms. Erba's continued service to the Company through each applicable vesting date.
F3 These RSUs vest in four annual installments beginning on September 5, 2020, subject to Ms. Erba's continued service to the Company through each applicable vesting date.