Accession Number: | 0001138639-21-000178 |
Date: | 2021-09-13 |
Issuer: | INFINERA CORP (INFN) |
Original Submission Date: |
TEICHMANN DAVID
C/O INFINERA CORPORATION
6373 SAN IGNACIO AVENUE
SAN JOSE, CA 95119
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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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 Exercisable | Expiration 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 |
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RESTRICTED STOCK UNITS | 0.0 | 2021-09-13 | deemed execution date | A | 65,000 (a) | common stock 65,000 | $0.00 | 65,000 | direct |
ID | footnote |
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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. |