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

Role
Chief Executive Officer, Director
Signature
/s/ Nicholas Janof, by Power of Attorney
Issuer symbol
N/A
Transactions as of
05 Jun 2022
Net transactions value
-$94,281
Form type
4
Filing time
07 Jun 2022, 19:53:41 UTC
Previous filing
19 May 2022
Next filing
07 Jul 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 +1.7% $0.000000 619,157 05 Jun 2022 Direct
transaction INFN Common Stock Tax liability $31,429 -5,485 -0.89% $5.73 613,672 05 Jun 2022 Direct
transaction INFN Common Stock Options Exercise $0 +20,833 +3.4% $0.000000 634,505 05 Jun 2022 Direct
transaction INFN Common Stock Tax liability $62,852 -10,969 -1.7% $5.73 623,536 05 Jun 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 -25% $0.000000 31,250 05 Jun 2022 Common Stock 10,417 Direct F1, F2
transaction INFN Restricted Stock Units Options Exercise $0 -20,833 -14% $0.000000 124,999 05 Jun 2022 Common Stock 20,833 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.