4//SEC Filing
Jandro Robert J 4
Accession 0001138639-20-000015
CIK 0001138639other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 7:32 PM ET
Size
15.2 KB
Accession
0001138639-20-000015
Insider Transaction Report
Form 4
INFINERA CorpINFN
Jandro Robert J
Senior VP, Worldwide Sales
Transactions
- Award
Restricted Stock Units
2020-02-07+7,373→ 7,373 total→ Common Stock (7,373 underlying) - Award
Restricted Stock Units
2020-02-07+10,118→ 10,118 total→ Common Stock (10,118 underlying)
Holdings
- 7,830
Restricted Stock Units
→ Common Stock (7,830 underlying) - 21,017
Restricted Stock Units
→ Common Stock (21,017 underlying) - 102,000
Restricted Stock Units
→ Common Stock (102,000 underlying) - 201,481
Common Stock
- 39,843
Restricted Stock Units
→ Common Stock (39,843 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (the "Company").
- [F2]These RSUs vest in four annual installments beginning on May 5, 2017.
- [F3]These RSUs vest in four annual installments beginning on May 5, 2018.
- [F4]These RSUs vest in four annual installments beginning on May 5, 2019.
- [F5]These RSUs vest in three annual installments beginning on May 5, 2020.
- [F6]On February 21, 2017, Mr. Jandro was granted a performance share unit ("PSU") award for a target number of 42,035 shares of common stock that could become eligible to vest in three equal separate installments, subject to the achievement of certain performance criteria in each of the three different performance periods. The shares are eligible to vest based on the total stockholder return ("TSR") performance of the Company in each performance period relative to that of the companies that comprise S&P North American Technology Multimedia Networking Index (the "S&P Networking Index"). The performance objective related to this award was partially achieved for the third and final performance period, as determined by the compensation committee per the terms of the original grant. As a result, 7,373 shares of common stock underlying this award will vest on May 5, 2020, subject to Mr. Jandro's continuous status as a service provider through such date.
- [F7]On February 15, 2018, Mr. Jandro was granted a PSU award for a target number of 35,416 shares of common stock that could become eligible to vest in three equal separate installments, subject to the achievement of certain performance criteria in each of the three different performance periods. The shares are eligible to vest based on the TSR performance of the Company in each performance period relative to that of the companies that comprise the S&P Networking Index. The performance objective related to this award was partially achieved for the second performance period, as determined by the compensation committee per the terms of the original grant. As a result, 10,118 shares of common stock underlying this award will vest on May 5, 2020, subject to Mr. Jandro's continuous status as a service provider through such date.
Documents
Issuer
INFINERA Corp
CIK 0001138639
Entity typeother
Related Parties
1- filerCIK 0001578225
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 7:32 PM ET
- Size
- 15.2 KB