David F. Welch - Sep 5, 2021 Form 4 Insider Report for Infinera Corp (INFN)

Role: Director
Signature: /s/ Michael Hopp, by Power of Attorney
Stock symbol: INFN
Transactions as of: Sep 5, 2021
Transactions value $: -$27,395
Form type: 4
Date filed: 9/8/2021, 08:33 PM
Previous filing: Jun 8, 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	+6.25K	+0.93%	$0.00	678K	Sep 5, 2021	See Footnote	F1
transaction	INFN	Common Stock	Tax liability	-$27.4K	-3.1K	-0.46%	$8.84	675K	Sep 5, 2021	See Footnote	F1
holding	INFN	Common Stock						2.5K	Sep 5, 2021	See Footnote	F2

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	-6.25K	-14.29%	$0.00	37.5K	Sep 5, 2021	Common Stock	43.8K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are held directly by The Welch Family Trust U/A DTD 4/3/1996 ("The Welch Family Trust"), for which Dr. Welch is a trustee.
F2	Shares held directly by Dr. Welch as a trustee for his minor children. Dr. Welch disclaims beneficial ownership of the shares held in trust for his minor children, and this report shall not be deemed an admission that Dr. Welch is the beneficial owner of the shares held in trust for his minor children for purposes of Section 16 or for any other purpose.
F3	Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (the "Company").
F4	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 Dr. Welch's continued service to the Company through each applicable vesting date.