Nancy Erba - 05 Sep 2021 Form 4 Insider Report for Infinera Corp

Role: Chief Financial Officer
Signature: /s/ Michael Hopp, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 05 Sep 2021
Net transactions value: -$644,648
Form type: 4
Filing time: 08 Sep 2021, 20:22:54 UTC
Previous filing: 02 Jul 2021
Next filing: 15 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	+6,458	+5.8%	$0.000000	117,765	05 Sep 2021	Direct
transaction	INFN	Common Stock	Tax liability	$28,306	-3,202	-2.7%	$8.84	114,563	05 Sep 2021	Direct
transaction	INFN	Common Stock	Options Exercise	$0	+140,625	+123%	$0.000000	255,188	05 Sep 2021	Direct
transaction	INFN	Common Stock	Tax liability	$616,342	-69,722	-27%	$8.84	185,466	05 Sep 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	-6,458	-14%	$0.000000	38,751	05 Sep 2021	Common Stock	45,209		Direct	F1, F2
transaction	INFN	Restricted Stock Units	Options Exercise	$0	-140,625	-33%	$0.000000	281,250	05 Sep 2021	Common Stock	421,875		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.