Michael H. Fernicola - Mar 5, 2022 Form 4 Insider Report for Infinera Corp (INFN)

Role: Chief Accounting Officer
Signature: /s/ David L. Teichmann, by Power of Attorney
Stock symbol: INFN
Transactions as of: Mar 5, 2022
Transactions value $: -$7,883
Form type: 4
Date filed: 3/8/2022, 05:03 PM
Previous filing: Mar 3, 2022
Next filing: Mar 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	+3.58%	$0.00	48.3K	Mar 5, 2022	Direct
transaction	INFN	Common Stock	Tax liability	-$7.88K	-934	-1.94%	$8.44	47.3K	Mar 5, 2022	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	-20%	$0.00	6.67K	Mar 5, 2022	Common Stock	8.33K		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.