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Filing Details

Accession Number:: 0001181431-13-053313
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-10-09 16:19:05
Reporting Period:: 2013-10-08

Filing Date:: 2013-10-09
Accepted Time:: 2013-10-09 16:19:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1138639	Infinera Corp	INFN	Telephone & Telegraph Apparatus (3661)	770560433

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1399122	F David Welch	C/O Infinera Corporation 140 Caspian Court Sunnyvale CA 94089	President	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2013-10-08	30,000	$11.39	919,493	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	14,132	Direct
Common Stock	240,296	Indirect	See Footnote
Common Stock	553,750	Indirect	See Footnote
Common Stock	500,000	Indirect	See Footnote
Common Stock	2,500	Indirect	See Footnote

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option (Right to Buy)	$2.00	2016-08-08	50,000	50,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$2.00	2016-08-08	137,500	137,500	Direct
Common Stock	Employee Stock Option (Right to Buy)	$8.19	2016-11-23	75,000	75,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$7.61	2017-06-06	29,214	29,214	Direct
Common Stock	Employee Stock Option (Right to Buy)	$7.61	2017-06-06	101,342	101,342	Direct
Common Stock	Employee Stock Option (Right to Buy)	$7.61	2018-02-28	2,817	2,817	Direct
Common Stock	Employee Stock Option (Right to Buy)	$7.61	2018-02-28	81,683	81,683	Direct
Common Stock	Employee Stock Option (Right to Buy)	$7.11	2019-02-10	100,000	100,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$7.45	2019-08-10	150,000	150,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$8.58	2021-02-10	20,250	20,250	Direct
Common Stock	Employee Stock Option (Right to Buy)	$8.58	2021-02-10	60,750	60,750	Direct
Common Stock	Employee Stock Option (Right to Buy)	$8.58	2021-02-10	39,465	39,465	Direct
Common Stock	Employee Stock Option (Right to Buy)	$8.58	2021-02-10	41,535	41,535	Direct
Common Stock	Restricted Stock Units	$0.00		13,666	13,666	Direct
Common Stock	Restricted Stock Units	$0.00		52,666	52,666	Direct
Common Stock	Restricted Stock Units	$0.00		128,250	128,250	Direct
Common Stock	Restricted Stock Units	$0.00		60,000	60,000	Direct
Common Stock	Restricted Stock Units	$0.00		48,000	48,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2016-08-08	50,000	50,000	Direct
2016-08-08	137,500	137,500	Direct
2016-11-23	75,000	75,000	Direct
2017-06-06	29,214	29,214	Direct
2017-06-06	101,342	101,342	Direct
2018-02-28	2,817	2,817	Direct
2018-02-28	81,683	81,683	Direct
2019-02-10	100,000	100,000	Direct
2019-08-10	150,000	150,000	Direct
2021-02-10	20,250	20,250	Direct
2021-02-10	60,750	60,750	Direct
2021-02-10	39,465	39,465	Direct
2021-02-10	41,535	41,535	Direct
	13,666	13,666	Direct
	52,666	52,666	Direct
	128,250	128,250	Direct
	60,000	60,000	Direct
	48,000	48,000	Direct

Footnotes

Shares held directly by LRFA, LLC of which the Reporting Person is the sole managing member.
Shares held directly by the Welch Family Trust dated 4/3/96 (the "Welch Family Trust").
Shares held directly by SEI Private Trust Company, Trustee of the Welch Family Heritage Trust I u/I dated 9/24/01.
Shares held directly by Welch Group, L.P. of which the Reporting Person is the general partner.
Shares held directly by the Reporting Person as a trustee for his minor children. The Reporting Person disclaims beneficial ownership of the shares held in trust for his minor children, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares held in trust for his minor children for purposes of Section 16 or for any other purpose.
The option is fully vested.
The option vests and becomes exercisable in forty-eight monthly installments beginning on February 5, 2010.
The option vests and becomes exercisable in thirty-six monthly installments beginning on February 10, 2011.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of INFN common stock.
The RSUs vest in three annual installments beginning on February 5, 2012.
The RSUs vest in three annual installments beginning on February 5, 2013.
The RSUs vest as to 57,000 of the RSUs on December 31, 2013 and 71,250 of the RSUs on December 31, 2014.
The RSUs vest in three annual installments beginning on February 5, 2014.
The RSUs vest in four annual installments beginning on August 5, 2014.
This sale was made in connection with the Reporting Person's Rule 10b5-1 Trading Plan, which was adopted on May 24, 2013.
This price represents the weighted average sale price of the shares sold ranging from $11.13 to $11.52 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.