DAVID W. HEARD - 05 Apr 2022 Form 4 Insider Report for Infinera Corp

Role: Chief Executive Officer, Director
Signature: /s/ David L. Teichmann, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 05 Apr 2022
Net transactions value: -$264,438
Form type: 4
Filing time: 07 Apr 2022, 18:37:43 UTC
Previous filing: 08 Mar 2022
Next filing: 09 May 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	+57,334	+11%	$0.000000	569,566	05 Apr 2022	Direct
transaction	INFN	Common Stock	Tax liability	$264,438	-30,187	-5.3%	$8.76	539,379	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	-57,334	-33%	$0.000000	114,666	05 Apr 2022	Common Stock	57,334		Direct	F2, F3

* 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 172,000 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. Heard's continued service to the Company through each applicable vesting date.