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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (4) | 08/05/2010 | M | 6,250 | (5) | (5) | Common Stock | 6,250 | $ 0 | 18,750 | D | ||||
Restricted Stock Units | (4) | (6) | (6) | Common Stock | 6,250 | 6,250 | D | ||||||||
Employee Stock Option (right to buy) | $ 6.97 | 08/09/2010 | M | 12,500 | (7) | 08/03/2019 | Common Stock | 12,500 | $ 0 | 37,500 | D | ||||
Employee Stock Option (right to buy) | $ 8.19 | 08/09/2010 | M | 4,165 | (8) | 11/23/2016 | Common Stock | 4,165 | $ 0 | 14,585 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Martin Ronald D C/O INFINERA CORPORATION 169 JAVA DRIVE SUNNYVALE, CA 94089 |
VP, Worldwide Sales |
/s/ Michael O. McCarthy by power of attorney | 08/09/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The reported sale was effected to satisfy the Reporting Person's tax obligation in connection with the issuance of shares pursuant to the vesting of restricted stock units on August 5, 2010. |
(2) | The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $8.95 to $8.9582 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4. |
(3) | The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $9.18 to $9.23 per share. |
(4) | Each restricted stock unit represents a contingent right to receive one share of INFN common stock. |
(5) | The remaining restricted stock units vest in three equal annual installments beginning on August 5, 2011. |
(6) | All of the restricted stock units vest on December 31, 2010. |
(7) | One-fourth of the shares subject to the option vested on August 3, 2010 and one forty-eighth of the shares shall vest monthly thereafter. |
(8) | The option vests in thirty-six equal monthly installments beginning on December 23, 2009. |