Nancy Erba - 05 Apr 2022 Form 4 Insider Report for Infinera Corp

Role: Chief Financial Officer
Signature: /s/ David L. Teichmann, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 05 Apr 2022
Net transactions value: -$156,585
Form type: 4
Filing time: 07 Apr 2022, 18:36:33 UTC
Previous filing: 08 Mar 2022
Next filing: 07 Jun 2022
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	+33,950	+12%	$0.000000	319,546	05 Apr 2022	Direct
transaction	INFN	Common Stock	Tax liability	$156,585	-17,875	-5.6%	$8.76	301,671	05 Apr 2022	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	-20,000	-33%	$0.000000	40,000	05 Apr 2022	Common Stock	20,000		Direct	F2, F3
transaction	INFN	Restricted Stock Units	Options Exercise	$0	-13,950	-50%	$0.000000	13,950	05 Apr 2022	Common Stock	13,950		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 the Company to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units.
F2	Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (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.