SEC Form 4 · accession 0001209191-16-134322
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
Jul 26, 2016
Accepted (ET)
Jul 28, 2016 · 5:20 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 | holding | — | — | — | 62,406 | 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,F6 | — | Jul 26, 2016 | A | 8,160 | A | — | — | Common Stock | 8,160 | 8,160 | D |
| Restricted Stock UnitsF1,F2 | — | holding | — | — | — | — | — | Common Stock | 60,000 | 60,000 | D |
| Restricted Stock UnitsF1,F3 | — | holding | — | — | — | — | — | Common Stock | 13,539 | 13,539 | D |
| Restricted Stock UnitsF1,F4 | — | holding | — | — | — | — | — | Common Stock | 11,993 | 11,993 | D |
| Restricted Stock UnitsF1,F5 | — | holding | — | — | — | — | — | Common Stock | 31,320 | 31,320 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Infinera Corporation common stock.
- F2These RSUs vest in four annual installments beginning on August 5, 2014.
- F3These RSUs vest in three annual installments beginning on May 5, 2015.
- F4These RSUs vest in three annual installments beginning on May 5, 2016.
- F5These RSUs vest in four annual installments beginning on May 5, 2017.
- F6On February 24, 2015, Mr. Jandro was granted a performance-based RSU award, subject to the achievement of certain performance criteria. The performance criteria related to these shares were met at 136% of target for the performance period, as determined by the administrator per the terms of the original grant, and the common stock issuable with respect to these RSUs will vest on August 5, 2016, subject to Mr. Jandro's continuous status as a service provider through such date.