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Filing Details

Accession Number:: 0001138639-20-000139
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-08-19 19:43:48
Reporting Period:: 2020-08-17

Accepted Time:: 2020-08-19 19:43:48
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		Yes	No	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	2020-08-17	10,000	$8.38	57,293	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	1,466,451	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)	$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		66,666	66,666	Direct
Common Stock	Restricted Stock Units	$0.00		28,707	28,707	Direct
Common Stock	Restricted Stock Units	$0.00		34,374	34,374	Direct
Common Stock	Restricted Stock Units	$0.00		75,000	75,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
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
	66,666	66,666	Direct
	28,707	28,707	Direct
	34,374	34,374	Direct
	75,000	75,000	Direct

Footnotes

These shares are held directly by The Welch Family Trust U/A DTD 4/3/1996 ("The Welch Family Trust"), for which Dr. Welch is a trustee.
This price represents the weighted average sale price of the shares sold in multiple transactions at prices ranging from $8.33 to $8.39 per share. Upon request by the staff of the Securities and Exchange Commission, the Company or a security holder of the Company, Mr. Welch will provide full information regarding the number of shares sold at each separate price. The shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
These shares are held directly by LRFA, LLC, for which Dr. Welch is the sole managing member.
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 common stock of the Company.
These RSUs vest in three annual installments beginning on May 5, 2020, subject to Mr. Welch's continued service to the Company through each applicable vesting date.
These RSUs vest in four annual installments beginning on May 5, 2018, subject to Mr. Welch's continued service to the Company through each applicable vesting date.
These RSUs vest in three annual installments beginning on May 5, 2019, subject to Mr. Welch's continued service to the Company through each applicable vesting date.
These RSUs vest as to one-third of the shares on the one year anniversary of the vesting commencement date, which is March 5, 2020, and 1/12th quarterly thereafter, subject to Mr. Welch's continued service to the Company through each applicable vesting date.