DAVID W. HEARD - 05 Mar 2022 Form 4 Insider Report for Infinera Corp

Role
Chief Executive Officer, Director
Signature
/s/ David L. Teichmann, by Power of Attorney
Issuer symbol
N/A
Transactions as of
05 Mar 2022
Net transactions value
-$130,778
Form type
4
Filing time
08 Mar 2022, 17:11:41 UTC
Previous filing
07 Jan 2022
Next filing
07 Apr 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 +10,417 +2.1% $0.000000 506,894 05 Mar 2022 Direct
transaction INFN Common Stock Tax liability $43,593 -5,165 -1% $8.44 501,729 05 Mar 2022 Direct
transaction INFN Common Stock Options Exercise $0 +20,833 +4.2% $0.000000 522,562 05 Mar 2022 Direct
transaction INFN Common Stock Tax liability $87,185 -10,330 -2% $8.44 512,232 05 Mar 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 -10,417 -20% $0.000000 41,667 05 Mar 2022 Common Stock 52,084 Direct F1, F2
transaction INFN Restricted Stock Units Options Exercise $0 -20,833 -12% $0.000000 145,832 05 Mar 2022 Common Stock 166,665 Direct F1, F3
transaction INFN Restricted Stock Units Award $0 +231,111 $0.000000 231,111 05 Mar 2022 Common Stock 231,111 Direct F1, F4
* 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.
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, 2022, and 1/12th quarterly thereafter, subject to Mr. Heard's continued service to the Company through each applicable vesting date.