David W. Heard - Mar 5, 2022 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Executive Officer, Director
Signature
/s/ David L. Teichmann, by Power of Attorney
Stock symbol
INFN
Transactions as of
Mar 5, 2022
Transactions value $
-$130,778
Form type
4
Date filed
3/8/2022, 05:11 PM
Previous filing
Jan 7, 2022
Next filing
Apr 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFN Common Stock Options Exercise $0 +10.4K +2.1% $0.00 507K Mar 5, 2022 Direct
transaction INFN Common Stock Tax liability -$43.6K -5.17K -1.02% $8.44 502K Mar 5, 2022 Direct
transaction INFN Common Stock Options Exercise $0 +20.8K +4.15% $0.00 523K Mar 5, 2022 Direct
transaction INFN Common Stock Tax liability -$87.2K -10.3K -1.98% $8.44 512K 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 -10.4K -20% $0.00 41.7K Mar 5, 2022 Common Stock 52.1K Direct F1, F2
transaction INFN Restricted Stock Units Options Exercise $0 -20.8K -12.5% $0.00 146K Mar 5, 2022 Common Stock 167K Direct F1, F3
transaction INFN Restricted Stock Units Award $0 +231K $0.00 231K Mar 5, 2022 Common Stock 231K 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.