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

Role
Chief Legal Officer
Signature
David L. Teichmann
Stock symbol
INFN
Transactions as of
Mar 5, 2022
Transactions value $
-$24,518
Form type
4
Date filed
3/8/2022, 05:14 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 +5.71K +4.5% $0.00 133K Mar 5, 2022 Direct
transaction INFN Common Stock Tax liability -$24.5K -2.91K -2.19% $8.44 130K 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 -5.71K -20% $0.00 22.8K Mar 5, 2022 Common Stock 28.5K 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.