Michael H. Fernicola - 05 Jul 2022 Form 4 Insider Report for Infinera Corp

Role: Chief Accounting Officer
Signature: /s/ Nicholas Janof, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 05 Jul 2022
Net transactions value: -$8,410
Form type: 4
Filing time: 07 Jul 2022, 19:33:00 UTC
Previous filing: 07 Jun 2022
Next filing: 07 Sep 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	+3,083	+5.7%	$0.000000	57,143	05 Jul 2022	Direct
transaction	INFN	Common Stock	Tax liability	$8,410	-1,529	-2.7%	$5.50	55,614	05 Jul 2022	Direct	F1

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	-1,458	-12%	$0.000000	10,209	05 Jul 2022	Common Stock	1,458		Direct	F2, F3
transaction	INFN	Restricted Stock Units	Options Exercise	$0	-1,625	-25%	$0.000000	4,875	05 Jul 2022	Common Stock	1,625		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares that have been withheld by Infinera Corporation (the "Company") to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units ("RSUs").
F2	Each RSU represents a contingent right to receive one share of common stock of the Company.
F3	These RSUs, originally for a total of 17,500 shares, vest as to one-third of the shares on the one-year anniversary of the April 5, 2021 vesting commencement date, and 1/12th of the shares vest quarterly thereafter, subject to Mr. Fernicola's continued service to the Company through each applicable vesting date.
F4	These RSUs, originally for a total of 13,000 shares, vest as to one-half of the shares on the one-year anniversary of the April 5, 2021 vesting commencement date, and 1/8th of the shares vest quarterly thereafter, subject to Mr. Fernicola's continued service to the Company through each applicable vesting date.