David Teichmann - Apr 5, 2022 Form 4 Insider Report for Infinera Corp (INFN)

Role: Chief Legal Officer
Signature: /s/ David L. Teichmann
Stock symbol: INFN
Transactions as of: Apr 5, 2022
Transactions value $: -$362,086
Form type: 4
Date filed: 4/7/2022, 06:38 PM
Previous filing: Mar 23, 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	+83.4K	+64.25%	$0.00	213K	Apr 5, 2022	Direct
transaction	INFN	Common Stock	Tax liability	-$362K	-41.3K	-19.39%	$8.76	172K	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	-55K	-50%	$0.00	55K	Apr 5, 2022	Common Stock	55K		Direct	F2, F3
transaction	INFN	Restricted Stock Units	Options Exercise	$0	-16.7K	-33.33%	$0.00	33.3K	Apr 5, 2022	Common Stock	16.7K		Direct	F2, F4
transaction	INFN	Restricted Stock Units	Options Exercise	$0	-11.7K	-50%	$0.00	11.7K	Apr 5, 2022	Common Stock	11.7K		Direct	F2, F5

* 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 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.
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.
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.