David Teichmann - Sep 5, 2022 Form 4 Insider Report for Infinera Corp (INFN)

Signature
/s/ Nicholas Janof, by Power of Attorney
Stock symbol
INFN
Transactions as of
Sep 5, 2022
Transactions value $
-$14,268
Form type
4
Date filed
9/7/2022, 08:20 PM
Previous filing
Jul 7, 2022
Next filing
Oct 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFN Common Stock Options Exercise $0 +5.71K +3.2% $0.00 184K Sep 5, 2022 Direct
transaction INFN Common Stock Tax liability -$14.3K -2.83K -1.54% $5.04 181K Sep 5, 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 -5.71K -33.34% $0.00 11.4K Sep 5, 2022 Common Stock 5.71K Direct F2, F3
* 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 Mr. Teichmann's continued service to the Company through each applicable vesting date.