David Teichmann - Apr 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
Apr 5, 2023
Transactions value $
-$257,451
Form type
4
Date filed
4/6/2023, 08:17 PM
Previous filing
Mar 13, 2023
Next filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFN Common Stock Options Exercise $0 +70.7K +34.94% $0.00 273K Apr 5, 2023 Direct
transaction INFN Common Stock Tax liability -$257K -35.1K -12.84% $7.34 238K Apr 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 +55K $0.00* 0 Apr 5, 2023 Common Stock 55K Direct F2, F3
transaction INFN Restricted Stock Units Options Exercise $0 +4.17K +33.34% $0.00 16.7K Apr 5, 2023 Common Stock 4.17K Direct F2, F4
transaction INFN Restricted Stock Units Options Exercise $0 +2.93K $0.00* 0 Apr 5, 2023 Common Stock 2.93K Direct F2, F5
transaction INFN Restricted Stock Units Options Exercise $0 +8.65K $0.00 8.65K Apr 5, 2023 Common Stock 8.65K Direct F2, F6
* 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 220,000 shares, vest as to one-fourth of the shares on the one-year anniversary of the April 5, 2019 vesting commencement date, and 1/4th of the shares vest annually thereafter, subject to Mr. Teichmann's continued service to the Company through each applicable vesting date.
F4 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.
F5 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.
F6 These RSUs, originally for a total of 17,300 shares, vest as to one-half of the shares on the one-year anniversary of the April 5, 2022 vesting commencement date, and 1/2 of the shares vest semi-annually thereafter, subject to Mr. Teichmann's continued service to the Company through each applicable vesting date.