SEC Form 4 · accession 0001209191-15-007496
INFINERA Corp · INFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Redfield
Director
Period of report
Jan 27, 2015
Accepted (ET)
Jan 29, 2015 · 5:06 pm EST
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 StockF1 | Jan 27, 2015 | M | 50,000 | $7.45 | A | 79,439 | I | See Footnote |
| Common StockF3,F1 | Jan 27, 2015 | S | 50,000 | $16.5175 | D | 29,439 | I | See Footnote |
| Common Stock | holding | — | — | — | 39,562 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F4 | $7.45 | Jan 27, 2015 | M | 50,000 | D | — | Aug 10, 2019 | Common Stock | 50,000 | 50,000 | D |
| Non-Qualified Stock Option (Right to Buy)F4 | $13.00 | holding | — | — | — | — | Jun 6, 2017 | Common Stock | 12,500 | 12,500 | D |
| Non-Qualified Stock Option (Right to Buy)F4 | $13.16 | holding | — | — | — | — | May 13, 2018 | Common Stock | 12,500 | 12,500 | D |
| Non-Qualified Stock Option (Right to Buy)F4 | $7.55 | holding | — | — | — | — | May 19, 2020 | Common Stock | 14,500 | 14,500 | D |
| Non-Qualified Stock Option (Right to Buy)F4 | $7.25 | holding | — | — | — | — | May 18, 2021 | Common Stock | 17,600 | 17,600 | D |
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Common Stock | 19,009 | 19,009 | D |
Explanation of responses
- F1These shares are held directly by The Carl Redfield Trust 2000 dated 10/18/00, for which Mr. Redfield serves as trustee.
- F2This sale was made in connection with Mr. Redfield's Rule 10b5-1 Trading Plan, which was adopted on May 28, 2014.
- F3This price represents the weighted average sale price of the shares sold in multiple transactions at prices ranging from $16.25 to $16.72 per share. Upon request by the staff of the Securities and Exchange Commission, Infinera Corporation (the "Company") or a security holder of the Company, Mr. Redfield will provide full information regarding the number of shares sold at each separate price.
- F4This option is fully vested.
- F5Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Company.
- F6These RSUs fully vest on the earlier of the date of the Company's next annual meeting of stockholders or the one-year anniversary of the date of grant, subject to Mr. Redfield's continued service to the Company.