SEC Form 4 · accession 0001209191-15-009514
INFINERA Corp · INFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Jandro
Officer — Senior VP, Worldwide Sales
Period of report
Feb 2, 2015
Accepted (ET)
Feb 4, 2015 · 5:32 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 | holding | — | — | — | 20,265 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F4 | — | Feb 2, 2015 | A | 13,540 | A | — | — | Common Stock | 13,540 | 13,540 | D |
| Restricted Stock UnitsF1,F2 | — | holding | — | — | — | — | — | Common Stock | 90,000 | 90,000 | D |
| Restricted Stock UnitsF1,F3 | — | holding | — | — | — | — | — | Common Stock | 40,619 | 40,619 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Infinera Corporation common stock.
- F2The RSUs vest in four annual installments beginning on August 5, 2014.
- F3The RSUs vest in three annual installments beginning on May 5, 2015.
- F4On February 25, 2014, Mr. Jandro was granted a performance-based RSU award at target for 27,079 shares of common stock, subject to the achievement of certain performance criteria. One-third of the shares are eligible to vest in each performance period up to a maximum of 150% of target. The performance criteria related to these shares were met at 150% of target for the first performance period, as determined by the administrator per the terms of the original grant, and the common stock issuable with respect to these 13,540 performance-based RSUs will vest on February 5, 2015, subject to Mr. Jandro's continuous status as a service provider through such date.
Remarks
Exhibit 24.1 - Power of Attorney