DAVID W. HEARD - 05 Dec 2021 Form 4 Insider Report for Infinera Corp

Role
Chief Executive Officer, Director
Signature
/s/ Michael Hopp, by Power of Attorney
Issuer symbol
N/A
Transactions as of
05 Dec 2021
Net transactions value
-$375,118
Form type
4
Filing time
07 Dec 2021, 19:24:35 UTC
Previous filing
06 Oct 2021
Next filing
07 Jan 2022
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 +10,416 +2.4% $0.000000 448,214 05 Dec 2021 Direct
transaction INFN Common Stock Tax liability $41,682 -5,165 -1.2% $8.07 443,049 05 Dec 2021 Direct
transaction INFN Common Stock Options Exercise $0 +83,335 +19% $0.000000 526,384 05 Dec 2021 Direct
transaction INFN Common Stock Tax liability $333,436 -41,318 -7.8% $8.07 485,066 05 Dec 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 -10,416 -17% $0.000000 52,084 05 Dec 2021 Common Stock 62,500 Direct F1, F2
transaction INFN Restricted Stock Units Options Exercise $0 -83,335 -33% $0.000000 166,665 05 Dec 2021 Common Stock 250,000 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 Mr. Heard's continued service to the Company through each applicable vesting date.
F3 These RSUs vest as to one-third of the shares on the one year anniversary of the vesting commencement date, which is December 5, 2020, and 1/12th quarterly thereafter, subject to Mr. Heard's continued service to the Company through each applicable vesting date.