David Teichmann - 05 Apr 2022 Form 4 Insider Report for Infinera Corp

Reporting relationship: Chief Legal Officer
Issuer ticker: N/A
Reported as of: 05 Apr 2022
Net transaction value: -$362,086
SEC form: 4
Accepted by SEC: 07 Apr 2022, 18:38:19 UTC
Prior SEC filing: 23 Mar 2022
Next SEC filing: 07 Jun 2022
Source filing: View source filing
Reporting owner signature: /s/ David L. Teichmann

Key filing fact

David Teichmann filed Form 4 for Infinera Corp on 07 Apr 2022.

Key facts

This page summarizes David Teichmann's Form 4 filing for Infinera Corp.
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 07 Apr 2022, 18:38.

Change

Previous filing in this sequence was filed on 23 Mar 2022.
Current net transaction value: -$362,086.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

INFN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +83,367
Change %: +64%
Price: $0.000000
Shares after: 213,127
Date: 05 Apr 2022
Ownership: Direct

INFN transaction

Common Stock

Tax liability

Transaction value: $362,086
Shares: -41,334
Change %: -19%
Price: $8.76
Shares after: 171,793
Date: 05 Apr 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

INFN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -55,000
Change %: -50%
Price: $0.000000
Shares after: 55,000
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 55,000
Exercise price
Footnotes: F2, F3

INFN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -16,667
Change %: -33%
Price: $0.000000
Shares after: 33,333
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 16,667
Exercise price
Footnotes: F2, F4

INFN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -11,700
Change %: -50%
Price: $0.000000
Shares after: 11,700
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 11,700
Exercise price
Footnotes: F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (the "Company").

Footnote F3

These RSUs, originally for a total of 220,000 shares, vest as to one-fourth of the shares on each one-year anniversary of the April 5, 2019 vesting commencement date, subject to Mr. Teichmann's continued service to the Company through each applicable vesting date.

Footnote 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.

Footnote 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.