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

Role
Chief Executive Officer, Director
Signature
/s/ Nicholas Janof, by Power of Attorney
Stock symbol
INFN
Transactions as of
Jun 5, 2022
Transactions value $
-$94,281
Form type
4
Date filed
6/7/2022, 07:53 PM
Previous filing
May 19, 2022
Next filing
Jul 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 +1.71% $0.00 619K Jun 5, 2022 Direct
transaction INFN Common Stock Tax liability -$31.4K -5.49K -0.89% $5.73 614K Jun 5, 2022 Direct
transaction INFN Common Stock Options Exercise $0 +20.8K +3.39% $0.00 635K Jun 5, 2022 Direct
transaction INFN Common Stock Tax liability -$62.9K -11K -1.73% $5.73 624K Jun 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 -25% $0.00 31.3K Jun 5, 2022 Common Stock 10.4K Direct F1, F2
transaction INFN Restricted Stock Units Options Exercise $0 -20.8K -14.29% $0.00 125K Jun 5, 2022 Common Stock 20.8K Direct F1, F3
* 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.