Nancy Erba - Apr 5, 2022 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Financial Officer
Signature
/s/ David L. Teichmann, by Power of Attorney
Stock symbol
INFN
Transactions as of
Apr 5, 2022
Transactions value $
-$156,585
Form type
4
Date filed
4/7/2022, 06:36 PM
Previous filing
Mar 8, 2022
Next filing
Jun 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFN Common Stock Options Exercise $0 +34K +11.89% $0.00 320K Apr 5, 2022 Direct
transaction INFN Common Stock Tax liability -$157K -17.9K -5.59% $8.76 302K Apr 5, 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 -20K -33.33% $0.00 40K Apr 5, 2022 Common Stock 20K Direct F2, F3
transaction INFN Restricted Stock Units Options Exercise $0 -14K -50% $0.00 14K Apr 5, 2022 Common Stock 14K 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.