Nancy Erba - 05 Sep 2022 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Financial Officer
Signature
/s/ Nicholas Janof, by Power of Attorney
Issuer symbol
INFN
Transactions as of
05 Sep 2022
Net transactions value
-$390,303
Form type
4
Filing time
07 Sep 2022, 20:09:16 UTC
Previous filing
07 Jul 2022
Next filing
07 Oct 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 +6,459 +2.1% $0.000000 315,205 05 Sep 2022 Direct
transaction INFN Common Stock Tax liability $17,141 -3,401 -1.1% $5.04 311,804 05 Sep 2022 Direct F1
transaction INFN Common Stock Options Exercise $0 +140,625 +45% $0.000000 452,429 05 Sep 2022 Direct
transaction INFN Common Stock Tax liability $373,162 -74,040 -16% $5.04 378,389 05 Sep 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 -6,459 -33% $0.000000 12,917 06 Sep 2022 Common Stock 6,459 Direct F2, F3
transaction INFN Restricted Stock Units Options Exercise $0 -140,625 -50% $0.000000 140,625 06 Sep 2022 Common Stock 140,625 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 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 Ms. Erba's continued service to the Company through each applicable vesting date.
F4 These RSUs vest in four annual installments beginning on September 5, 2020, subject to Ms. Erba's continued service to the Company through each applicable vesting date.