DAVID TEICHMANN - 05 Jul 2022 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Legal Officer
Signature
/s/ Nicholas Janof, by Power of Attorney
Issuer symbol
INFN
Transactions as of
05 Jul 2022
Transactions value $
-$19,344
Form type
4
Filing time
07 Jul 2022, 19:38:16 UTC
Previous filing
07 Jun 2022
Next filing
07 Sep 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 +7.09K +4.06% $0.00 182K 05 Jul 2022 Direct
transaction INFN Common Stock Tax liability -$19.3K -3.52K -1.93% $5.50 178K 05 Jul 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 -4.17K -12.5% $0.00 29.2K 05 Jul 2022 Common Stock 4.17K Direct F2, F3
transaction INFN Restricted Stock Units Options Exercise $0 -2.93K -25% $0.00 8.78K 05 Jul 2022 Common Stock 2.93K 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 Infinera Corporation (the "Company") to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units ("RSU").
F2 Each RSU represents a contingent right to receive one share of common stock of the Company.
F3 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.
F4 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.

Remarks:

Exhibit 24 Corrected Power of Attorney for Mr. Teichmann* *The Corrected Power of Attorney for Mr. Teichmann supersedes the Power of Attorney included as Exhibit 24 to Mr. Teichmann's Form 4, Statement of Changes in Beneficial Ownership of Infinera Corp., filed on June 7, 2022.