David F. Welch - 28 Feb 2025 Form 4 Insider Report for Infinera Corp

Role
Director
Signature
/s/ Nicholas Janof, by Power of Attorney
Issuer symbol
N/A
Transactions as of
28 Feb 2025
Net transactions value
$0
Form type
4
Filing time
03 Mar 2025, 16:37:16 UTC
Previous filing
07 Jan 2025
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 +100,001 +23% $0.000000 532,871 28 Feb 2025 See Footnote F1
transaction INFN Common Stock Disposed to Issuer -532,871 -100% 0 28 Feb 2025 See Footnote F1, F2, F3
transaction INFN Common Stock Disposed to Issuer -2,500 -100% 0 28 Feb 2025 See Footnote F2, F3, F4

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 -100,001 -100% $0.000000 0 28 Feb 2025 Common Stock 100,001 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

David F. Welch is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares of Company common stock reported are held directly by The Welch Family Trust U/A DTD 4/3/1996 ("The Welch Family Trust"), for which the Reporting Person is a trustee.
F2 Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated as of June 27, 2024, by and among Nokia Corporation, Neptune of America Corporation and Infinera Corporation ("Company"), referred to as the "Merger Agreement".
F3 Each share of Company common stock held by the Reporting Person was automatically cancelled, extinguished and converted into the right to receive the consideration provided in the Merger Agreement.
F4 Shares of Company common stock held directly by the Reporting Person as a trustee for his children. The Reporting Person disclaims beneficial ownership of the shares held in trust for his children, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares held in trust for his children for purposes of Section 16 or for any other purpose.
F5 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Company common stock.
F6 Includes shares of Company common stock underlying previously reported unvested RSUs which immediately prior to the Effective Time (as defined in the Merger Agreement) of the merger fully vested and converted automatically into the right to receive the consideration provided in the Merger Agreement.