David W. Heard - May 5, 2022 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Executive Officer, Director
Signature
/s/ David L. Teichmann, by Power of Attorney
Stock symbol
INFN
Transactions as of
May 5, 2022
Transactions value $
-$183,293
Form type
4
Date filed
5/9/2022, 09:21 AM
Previous filing
Apr 7, 2022
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFN Common Stock Options Exercise $0 +17.2K +3.19% $0.00 557K May 5, 2022 Direct
transaction INFN Common Stock Options Exercise $0 +73.3K +13.18% $0.00 630K May 5, 2022 Direct
transaction INFN Common Stock Tax liability -$302K -47.7K -7.57% $6.33 582K May 5, 2022 Direct F1
transaction INFN Common Stock Purchase $118K +20K +3.44% $5.92 602K May 6, 2022 Direct F2

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 -17.2K -100% $0.00* 0 May 5, 2022 Common Stock 17.2K Direct F3, F4
transaction INFN Restricted Stock Units Options Exercise $0 -73.3K -100% $0.00* 0 May 5, 2022 Common Stock 73.3K Direct F3, 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 Infinera Corporation (the "Company") to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units ("RSUs").
F2 This price represents the weighted average purchase price of the shares bought in multiple transactions at prices ranging from $5.9125 to $5.925 per share. Upon request by the staff of the Securities and Exchange Commission, the Company or a security holder of the Company, Mr. Heard will provide full information regarding the number of shares purchased at each separate price.
F3 Each RSU represents a contingent right to receive one share of common stock of the Company.
F4 These RSUs, originally for a total of 68,750 shares, vested as to one-fourth of the shares on each one-year anniversary of the May 5, 2018 vesting commencement date, subject to Mr. Heard's continued service to the Company through each applicable vesting date.
F5 These RSUs, originally for a total of 220,000 shares, vested as to one-third of the shares on each one-year anniversary of the May 5, 2019 vesting commencement date, subject to Mr. Heard's continued service to the Company through each applicable vesting date.