Filing Details
- Accession Number:
- 0001138639-20-000169
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-12-07 19:13:37
- Reporting Period:
- 2020-12-03
- Accepted Time:
- 2020-12-07 19:13:37
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2020-12-03 | 20,250 | $8.58 | 1,411,701 | No | 4 | M | Indirect | See Footnote |
| Common Stock | Acquisiton | 2020-12-03 | 10,833 | $8.58 | 1,422,534 | No | 4 | M | Indirect | See Footnote |
| Common Stock | Acquisiton | 2020-12-03 | 39,465 | $8.58 | 1,461,999 | No | 4 | M | Indirect | See Footnote |
| Common Stock | Acquisiton | 2020-12-03 | 41,535 | $8.58 | 1,503,534 | No | 4 | M | Indirect | See Footnote |
| Common Stock | Disposition | 2020-12-03 | 112,083 | $8.64 | 1,391,451 | No | 4 | S | Indirect | See Footnote |
| Common Stock | Acquisiton | 2020-12-04 | 49,917 | $8.58 | 1,441,368 | No | 4 | M | Indirect | See Footnote |
| Common Stock | Disposition | 2020-12-04 | 49,917 | $8.64 | 1,391,451 | No | 4 | S | Indirect | See Footnote |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Indirect | See Footnote |
| No | 4 | M | Indirect | See Footnote |
| No | 4 | M | Indirect | See Footnote |
| No | 4 | M | Indirect | See Footnote |
| No | 4 | S | Indirect | See Footnote |
| No | 4 | M | Indirect | See Footnote |
| No | 4 | S | Indirect | See Footnote |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2020-12-03 | 20,250 | $0.00 | 20,250 | $8.58 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2020-12-03 | 10,833 | $0.00 | 60,750 | $8.58 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2020-12-03 | 39,465 | $0.00 | 39,465 | $8.58 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2020-12-03 | 41,535 | $0.00 | 41,535 | $8.58 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2020-12-04 | 49,917 | $0.00 | 49,917 | $8.58 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2021-02-10 | No | 4 | M | Direct | |
| 49,917 | 2021-02-10 | No | 4 | M | Direct | |
| 0 | 2021-02-10 | No | 4 | M | Direct | |
| 0 | 2021-02-10 | No | 4 | M | Direct | |
| 0 | 2021-02-10 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 27,293 | Indirect | See Footnote |
| Common Stock | 2,500 | Indirect | See Footnote |
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 sale was effected pursuant to Dr. Welch's Rule 10b5-1 Trading Plan, which was adopted on November 20, 2019.
- This price represents the weighted average sale price of the shares sold in multiple transactions at prices ranging from $8.63 to $8.69 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 price represents the weighted average sale price of the shares sold in multiple transactions at prices ranging from $8.63 to $8.70 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, 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 exercise was effected pursuant to Dr. Welch's Rule 10b5-1 Trading Plan, which was adopted on November 20, 2019.
- This option is fully vested.
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