SEC Form 4 · accession 0001209191-16-096700
INFINERA Corp · INFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad Feller
Officer — Chief Financial Officer
Period of report
Feb 5, 2016
Accepted (ET)
Feb 9, 2016 · 4:13 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 | Feb 5, 2016 | M | 41,574 | $0.00 | A | 72,887 | D | |
| Common Stock | Feb 5, 2016 | F | 15,899 | $14.40 | D | 56,988 | D | |
| Common Stock | Feb 5, 2016 | M | 5,815 | $0.00 | A | 62,803 | D | |
| Common Stock | Feb 5, 2016 | F | 2,186 | $14.40 | D | 60,617 | 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 UnitsF2,F3 | — | Feb 5, 2016 | M | 41,574 | D | — | — | Common Stock | 124,722 | 83,148 | D |
| Restriced Stock UnitsF2,F5 | — | Feb 5, 2016 | M | 5,815 | D | — | — | Common Stock | 5,815 | 0 | D |
| Incentive Stock Option (Right to Buy)F1 | $9.02 | holding | — | — | — | — | Jan 13, 2021 | Common Stock | 24,107 | 24,107 | D |
| Non-Qualified Stock Option (Right to Buy)F1 | $9.02 | holding | — | — | — | — | Jan 13, 2021 | Common Stock | 893 | 893 | D |
| Restriced Stock UnitsF2,F4 | — | holding | — | — | — | — | — | Common Stock | 18,560 | 18,560 | D |
Explanation of responses
- F1This option vests and becomes exercisable as to 1/4th of the underlying shares on January 13, 2015 and then 1/48th per month thereafter.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of Infinera Corporation common stock.
- F3These RSUs vest in four annual installments beginning on February 5, 2015.
- F4These RSUs vest in three annual installments beginning on May 5, 2016.
- F5This includes 5,815 shares granted pursuant to a performance-based RSU award, which vested and released to Mr. Feller effective February 5, 2016.