Nicholas Walden - 05 Jul 2022 Form 4 Insider Report for Infinera Corp

Role
SVP, Worldwide Sales
Signature
/s/ Nicholas Janof, by Power of Attorney
Issuer symbol
N/A
Transactions as of
05 Jul 2022
Net transactions value
-$11,896
Form type
4
Filing time
07 Jul 2022, 19:42:12 UTC
Previous filing
09 May 2022
Next filing
08 Aug 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 +5,495 +10% $0.000000 59,604 05 Jul 2022 Direct
transaction INFN Common Stock Tax liability $11,896 -2,163 -3.6% $5.50 57,441 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 -4,583 -12% $0.000000 32,084 05 Jul 2022 Common Stock 4,583 Direct F2, F3
transaction INFN Restricted Stock Units Options Exercise $0 -912 -25% $0.000000 2,738 05 Jul 2022 Common Stock 912 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 ("RSU").
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 55,000 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. Walden's continued service to the Company through each applicable vesting date.
F4 These RSUs, originally for a total of 7,300 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. Walden's continued service to the Company through each applicable vesting date.

Remarks:

Exhibit 24 - Power of Attorney