Michael H. Fernicola - Dec 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: Dec 5, 2021
Transactions value $: -$6,674
Form type: 4
Date filed: 12/7/2021, 07:22 PM
Previous filing: Sep 8, 2021
Next filing: Feb 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INFN	Common Stock	Options Exercise	$0	+1.67K	+3.89%	$0.00	44.5K	Dec 5, 2021	Direct
transaction	INFN	Common Stock	Tax liability	-$6.67K	-827	-1.86%	$8.07	43.7K	Dec 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	-16.67%	$0.00	8.33K	Dec 5, 2021	Common Stock	10K		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	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.