Paul J. Milbury - Feb 28, 2025 Form 4 Insider Report for Infinera Corp (INFN)

Role
Director
Signature
/s/ Nicholas Janof, by Power of Attorney
Stock symbol
INFN
Transactions as of
Feb 28, 2025
Transactions value $
$0
Form type
4
Date filed
3/3/2025, 04:37 PM
Previous filing
Jun 26, 2024
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 +36.7K +19.02% $0.00 230K Feb 28, 2025 Direct
transaction INFN Common Stock Disposed to Issuer -230K -100% 0 Feb 28, 2025 Direct F1, 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 -36.7K -100% $0.00 0 Feb 28, 2025 Common Stock 36.7K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Paul J. Milbury is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated as of June 27, 2024, by and among Nokia Corporation, Neptune of America Corporation and Infinera Corporation ("Company"), referred to as the "Merger Agreement".
F2 Each share of Company common stock held by the Reporting Person was automatically cancelled, extinguished and converted into the right to receive the consideration provided in the Merger Agreement.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Company common stock.
F4 Immediately prior to the Effective Time (as defined in the Merger Agreement) of the merger, each share of Company common stock underlying this unvested RSU award originally granted to Reporting Person on June 12, 2024, fully vested and converted automatically into the right to receive the consideration provided in the Merger Agreement.