Nancy Erba - 05 Mar 2023 Form 4 Insider Report for Infinera Corp

Role
Chief Financial Officer
Signature
/s/ Nicholas Janof, by Power of Attorney
Issuer symbol
N/A
Transactions as of
05 Mar 2023
Net transactions value
-$145,339
Form type
4
Filing time
07 Mar 2023, 17:03:25 UTC
Previous filing
09 Jan 2023
Next filing
13 Mar 2023
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 +37,292 +9.6% $0.000000 426,247 05 Mar 2023 Direct
transaction INFN Common Stock Tax liability $145,339 -19,828 -4.7% $7.33 406,419 05 Mar 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 -6,459 -100% $0.000000* 0 05 Mar 2023 Common Stock 6,459 Direct F2, F3
transaction INFN Restricted Stock Units Options Exercise $0 -30,833 -33% $0.000000 61,667 05 Mar 2023 Common Stock 30,833 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 77,500 shares, vest as to one-third of the shares on the one-year anniversary of the March 5, 2020 vesting commencement date, and 1/12th of the shares vest quarterly thereafter, subject to Ms. Erba's continued service to the Company through each applicable vesting date.
F4 These RSUs, originally for a total of 92,500 shares, vest as to one-third of the shares on the one-year anniversary of the March 5, 2022 vesting commencement date, and 1/12th of the shares vest quarterly thereafter, subject to Ms. Erba's continued service to the Company through each applicable vesting date.