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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

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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	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

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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	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.