Michael H. Fernicola - Feb 15, 2023 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Accounting Officer
Signature
/s/ Nicholas Janof, by Power of Attorney
Stock symbol
INFN
Transactions as of
Feb 15, 2023
Transactions value $
$14,765
Form type
4
Date filed
2/17/2023, 05:49 PM
Previous filing
Jan 9, 2023
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFN Common Stock Award $14.8K +3K +3.9% $4.92 80K Feb 15, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2007 Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of August 16, 2022 through February 15, 2023. This transaction is exempt under Rule 16b-3(c).
F2 In accordance with the provisions of the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on August 16, 2022, which was the first trading day of the applicable offering period. The closing price on August 16, 2022 was $5.79.