Form Type: 4

SEC EDGAR Link
Accession Number:0001138639-21-000178
Date:2021-09-13
Issuer: INFINERA CORP (INFN)
Original Submission Date:

Reporting Person:

TEICHMANN DAVID
C/O INFINERA CORPORATION
6373 SAN IGNACIO AVENUE SAN JOSE, CA 95119

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2021-09-13 deemed execution date A 65,000 (a) common stock 65,000 $0.00 65,000 direct
Footnotes
IDfootnote
f1 each restricted stock unit ("rsu") represents a contingent right to receive one share of common stock of infinera corporation (the "company").
f2 on june 6, 2019, mr. teichmann was granted a psu award for a target number of 65,000 shares of common stock that could become eligible to vest subject to the company's achievement of positive operating income (the "performance goal") during fiscal 2019 through fiscal 2021. the performance goal is measured on a non-gaap basis, either (a) for a full fiscal year or (b) for any four consecutive fiscal quarters. the company achieved the performance goal during the four consecutive fiscal quarters ending with the fiscal quarter ended june 26, 2021, as certified by the company's compensation committee on september 13, 2021, per the terms of the psu award. as a result, 57,776 shares of common stock underlying this award will vest on october 5, 2021 and 7,224 shares of common stock underlying this award will vest on january 5, 2022, each vesting subject to mr. teichmann's continued service to the company through such date.
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