David Teichmann - Jan 5, 2023 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Legal Officer
Signature
/s/ Nicholas Janof, by Power of Attorney
Stock symbol
INFN
Transactions as of
Jan 5, 2023
Transactions value $
-$27,019
Form type
4
Date filed
1/9/2023, 06:17 PM
Previous filing
Dec 7, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFN Common Stock Options Exercise $0 +7.09K +3.78% $0.00 195K Jan 5, 2023 Direct
transaction INFN Common Stock Tax liability -$27K -3.96K -2.03% $6.83 191K Jan 5, 2023 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 -4.17K -16.66% $0.00 20.8K Jan 5, 2023 Common Stock 4.17K Direct F2, F3
transaction INFN Restricted Stock Units Options Exercise $0 -2.93K -50% $0.00 2.93K Jan 5, 2023 Common Stock 2.93K 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 50,000 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. Teichmann's continued service to the Company through each applicable vesting date.
F4 These RSUs, originally for a total of 23,400 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. Teichmann's continued service to the Company through each applicable vesting date.