SEC Form 4 · accession 0001138639-17-000058

INFINERA Corp · INFN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

David F Welch

Officer — President · Director

Period of report

Jul 19, 2017

Accepted (ET)

Jul 21, 2017 · 4:55 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001138639

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F2	Jul 19, 2017	S	1,700	$12.00	D	777,242	I	See Footnote
Common Stock^F4	Jul 19, 2017	S	1,700	$12.00	D	292,293	I	See Footnote
Common Stock^F6	Jul 19, 2017	S	1,600	$12.00	D	528,150	I	See Footnote
Common Stock^F7	holding	—	—		—	140,000	I	See Footnote
Common Stock^F8	holding	—	—		—	2,500	I	See Footnote

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F9	$7.61	holding	—	—	—	—	Feb 28, 2018	Common Stock	2,817	2,817	D
Employee Stock Option (Right to Buy)^F9	$7.61	holding	—	—	—	—	Feb 28, 2018	Common Stock	81,683	81,683	D
Employee Stock Option (Right to Buy)^F9	$7.11	holding	—	—	—	—	Feb 10, 2019	Common Stock	100,000	100,000	D
Employee Stock Option (Right to Buy)^F9	$7.45	holding	—	—	—	—	Aug 10, 2019	Common Stock	150,000	150,000	D
Employee Stock Option (Right to Buy)^F9	$8.58	holding	—	—	—	—	Feb 10, 2021	Common Stock	20,250	20,250	D
Employee Stock Option (Right to Buy)^F9	$8.58	holding	—	—	—	—	Feb 10, 2021	Common Stock	60,750	60,750	D
Employee Stock Option (Right to Buy)^F9	$8.58	holding	—	—	—	—	Feb 10, 2021	Common Stock	39,465	39,465	D
Employee Stock Option (Right to Buy)^F9	$8.58	holding	—	—	—	—	Feb 10, 2021	Common Stock	41,535	41,535	D
Restricted Stock Units^F10,F11	—	holding	—	—	—	—	—	Common Stock	12,000	12,000	D
Restricted Stock Units^F10,F12	—	holding	—	—	—	—	—	Common Stock	9,590	9,590	D
Restricted Stock Units^F10,F13	—	holding	—	—	—	—	—	Common Stock	14,385	14,385	D
Restricted Stock Units^F10,F14	—	holding	—	—	—	—	—	Common Stock	65,137	65,137	D
Restricted Stock Units^F10,F15	—	holding	—	—	—	—	—	Common Stock	114,831	114,831	D

Explanation of responses

F1This sale was made in connection with a Rule 10b5-1 Trading Plan for The Welch Family Trust u/a dtd 04/03/1996 ("The Welch Family Trust").
F10Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation.
F11These RSUs vest in four annual installments beginning on August 5, 2014.
F12These RSUs vest in three annual installments beginning on May 5, 2016.
F13These RSUs vest in full on May 5, 2018.
F14These RSUs vest in four annual installments beginning on May 5, 2017.
F15These RSUs vest in four annual installments beginning on May 5, 2018.
F2These shares are held directly by The Welch Family Trust, for which Dr. Welch is a trustee.
F3This sale was made in connection with a Rule 10b5-1 Trading Plan for LRFA, LLC ("LRFA").
F4These shares are held directly by LRFA, for which Dr. Welch is the sole managing member.
F5This sale was made in connection with a 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").
F6These shares are held directly by The Welch Family Heritage Trust, for which Dr. Welch is a trustee.
F7These shares are held directly by The Welch Group, L.P., for which Dr. Welch is a general partner.
F8These 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.
F9This option is fully-vested.