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Filing Details

Accession Number:: 0001209191-17-011559
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-02-16 17:08:36
Reporting Period:: 2017-02-14

Filing Date:: 2017-02-16
Accepted Time:: 2017-02-16 17:08:36
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	Yes	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	2017-02-14	11,900	$12.26	620,408	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2017-02-14	11,900	$12.26	307,593	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2017-02-14	11,200	$12.26	542,550	No	4	S	Indirect	See Footnote

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	140,000	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)	$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		12,000	12,000	Direct
Common Stock	Restricted Stock Units	$0.00		20,923	20,923	Direct
Common Stock	Restricted Stock Units	$0.00		19,180	19,180	Direct
Common Stock	Restricted Stock Units	$0.00		28,770	28,770	Direct
Common Stock	Restricted Stock Units	$0.00		86,850	86,850	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
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
	12,000	12,000	Direct
	20,923	20,923	Direct
	19,180	19,180	Direct
	28,770	28,770	Direct
	86,850	86,850	Direct

Footnotes

This sale was made in connection with the Rule 10b5-1 Trading Plan for The Welch Family Trust u/a dtd 04/03/1996 ("The Welch Family Trust"), which was adopted on August 17, 2016.
This price represents the weighted average sale price of the shares sold by The Welch Family Trust in multiple transactions at prices ranging from $12 to $12.37 per share. Upon request by the staff of the Securities and Exchange Commission, Infinera Corporation (the "Company") or a security holder of the Company, Dr. Welch will provide full information regarding the number of shares sold at each separate price.
This includes 2,673 shares acquired under the Company's 2007 Employee Stock Purchase Plan on February 15, 2017.
These shares are held directly by The Welch Family Trust, for which Dr. Welch is a trustee.
This sale was made in connection with the Rule 10b5-1 Trading Plan for LRFA, LLC ("LRFA"), which was adopted on August 17, 2016.
This price represents the weighted average sale price of the shares sold by LRFA in multiple transactions at prices ranging from $12 to $12.37 per share. Upon request by the staff of the Securities and Exchange Commission, the Company or a security holder of the Company, Dr. Welch will provide full information regarding the number of shares sold at each separate price.
These shares are held directly by LRFA, for which Dr. Welch is the sole managing member.
This sale was made in connection with the Rule 10b5-1 Trading Plan for SEI Private Trust Company, Trustee of The Welch Family Heritage Trust I u/I dated 9/24/01 ("The Welch Family Heritage Trust"), which was adopted on August 17, 2016.
This price represents the weighted average sale price of the shares sold by The Welch Family Heritage Trust in multiple transactions at prices ranging from $12 to $12.37 per share. Upon request by the staff of the Securities and Exchange Commission, the Company or a security holder of the Company, Dr. Welch will provide full information regarding the number of shares sold at each separate price.
These shares are held directly by The Welch Family Heritage Trust, for which Dr. Welch is a trustee.
These shares are held directly by The Welch Group, L.P., for which Dr. Welch is the general partner.
These shares are held directly by Dr. Welch as a trustee for his children. Dr. Welch disclaims beneficial ownership of the shares held in trust for his children, and this report shall not be deemed an admission that Dr. Welch is the beneficial owner of the shares held in trust for his children for purposes of Section 16 or for any other purpose.
This option is fully-vested.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
These RSUs vest in four annual installments beginning on August 5, 2014.
These RSUs vest in three annual installments beginning on May 5, 2015.
These RSUs vest in three annual installments beginning on May 5, 2016.
These RSUs vest as to 50% of the shares on May 5, 2017 and 50% of the shares on May 5, 2018.
These RSUs vest in four annual installments beginning on May 5, 2017.