David Teichmann - Dec 5, 2021 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Legal Officer
Signature
/s/ Michael Hopp, by Power of Attorney
Stock symbol
INFN
Transactions as of
Dec 5, 2021
Transactions value $
-$22,846
Form type
4
Date filed
12/7/2021, 07:26 PM
Previous filing
Oct 6, 2021
Next filing
Jan 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFN Common Stock Options Exercise $0 +5.71K +4.72% $0.00 127K Dec 5, 2021 Direct
transaction INFN Common Stock Tax liability -$22.8K -2.83K -2.24% $8.07 124K 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 -5.71K -16.67% $0.00 28.5K Dec 5, 2021 Common Stock 34.3K 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 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. Teichmann's continued service to the Company through each applicable vesting date.