Michael H. Fernicola - Sep 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
Sep 5, 2021
Transactions value $
-$372,553
Form type
4
Date filed
9/8/2021, 08:25 PM
Previous filing
Aug 17, 2021
Next filing
Dec 7, 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 Sep 5, 2021 Direct
transaction INFN Common Stock Tax liability -$7.31K -827 -49.61% $8.84 840 Sep 5, 2021 Direct
transaction INFN Common Stock Options Exercise $0 +50K +5952.38% $0.00 50.8K Sep 5, 2021 Direct
transaction INFN Common Stock Tax liability -$219K -24.8K -48.76% $8.84 26.1K Sep 5, 2021 Direct
transaction INFN Common Stock Options Exercise $0 +33.3K +127.96% $0.00 59.4K Sep 5, 2021 Direct
transaction INFN Common Stock Tax liability -$146K -16.5K -27.83% $8.84 42.9K 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 -1.67K -14.29% $0.00 10K Sep 5, 2021 Common Stock 11.7K Direct F1, F2
transaction INFN Restricted Stock Units Options Exercise $0 -50K -100% $0.00* 0 Sep 5, 2021 Common Stock 50K Direct F1, F3
transaction INFN Restricted Stock Units Options Exercise $0 -33.3K -50% $0.00 33.3K Sep 5, 2021 Common Stock 66.7K Direct F1, F4
* 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 The 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.
F3 The RSUs vest in two annual installments beginning on September 5, 2020, subject to Mr. Fernicola's continued service to the Company.
F4 The RSUs vest in three annual installments beginning on September 5, 2020, subject to Mr. Fernicola's continued service to the Company.