SEC Form 4 · accession 0001209191-15-007497
INFINERA Corp · INFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Wegleitner
Director
Period of report
Jan 27, 2015
Accepted (ET)
Jan 29, 2015 · 5:07 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 Stock | Jan 27, 2015 | M | 15,000 | $6.99 | A | 38,467 | D | |
| Common StockF2 | Jan 27, 2015 | S | 21,000 | $16.5161 | D | 17,467 | 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)F3 | $6.99 | Jan 27, 2015 | M | 15,000 | D | — | May 23, 2021 | Common Stock | 70,000 | 55,000 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Common Stock | 19,009 | 19,009 | D |
Explanation of responses
- F1This sale was made in connection with Mr. Wegleitner's Rule 10b5-1 Trading Plan, which was adopted on May 20, 2014.
- F2This price represents the weighted average sale price of the shares sold in multiple transactions at prices ranging from $16.22 to $16.67 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. Wegleitner will provide full information regarding the number of shares sold at each separate price.
- F3This option is fully vested.
- F4Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Company.
- F5These 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. Wegleitner's continued service to the Company.