Nancy Erba - 05 Apr 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 Apr 2023
Net transactions value
-$32,810
Form type
4
Filing time
06 Apr 2023, 20:16:51 UTC
Previous filing
13 Mar 2023
Next filing
07 Jun 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 +8,488 +2.1% $0.000000 414,907 05 Apr 2023 Direct
transaction INFN Common Stock Tax liability $32,810 -4,470 -1.1% $7.34 410,437 05 Apr 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 +5,000 +33% $0.000000 20,000 05 Apr 2023 Common Stock 5,000 Direct F2, F3
transaction INFN Restricted Stock Units Options Exercise $0 +3,488 $0.000000* 0 05 Apr 2023 Common Stock 3,488 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 60,000 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 Ms. Erba's continued service to the Company through each applicable vesting date.
F4 These RSUs, originally for a total of 27,900 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 Ms. Erba's continued service to the Company through each applicable vesting date.