SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Brown Christopher

(Last)

(First)

(Middle)

C/O FINISAR CORPORATION

1389 MOFFETT PARK DRIVE

(Street)

SUNNYVALE

94089

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/29/2008

3. Issuer Name and Ticker or Trading Symbol
FINISAR CORP [ FNSR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP & General Counsel

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	217,691	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Options (Right to Buy)	⁽¹⁾	08/27/2016	Common Stock	44,597	$2.25	D
Stock Options (Right to Buy)	⁽¹⁾	08/27/2016	Common Stock	124,995	$2.25	D
Stock Options (Right to Buy)	⁽¹⁾	08/27/2016	Common Stock	42,400	$2.25	D
Stock Options (Right to Buy)	01/01/2008⁽²⁾	08/27/2016	Common Stock	249,991	$2.25	D
Stock Options (Right to Buy)	01/01/2008⁽²⁾	08/27/2016	Common Stock	89,915	$2.25	D
Stock Options (Right to Buy)	01/01/2010⁽³⁾	08/27/2016	Common Stock	82,602	$2.25	D
Stock Options (Right to Buy)	01/01/2010⁽³⁾	08/27/2016	Common Stock	44,597	$2.25	D
Stock Options (Right to Buy)	03/01/2008⁽⁴⁾	02/28/2017	Common Stock	81,406	$3.33	D

Explanation of Responses:

1. Option shares are vested and exercisable immediately.

2. 4.17% of the option shares vested and became exercisable on such date with the remaining shares vesting and becoming exercisable at a rate of 4.17% of the option shares monthly thereafter, with the final vesting to occur December 1, 2009.

3. 11.11% of the option shares vested and became exercisable on such date with the remaining shares vesting and becoming exercisable at a rate of 11.11% of the option shares monthly thereafter, with the final vesting to occur September 1, 2010.

4. 25% of the option shares vested and became exercisable on such date with the remaining shares vesting and becoming exercisable at a rate of 2.08% of the option shares monthly thereafter.

	/s/ Michelle Vicente-Surnip, attorney-in-fact	09/08/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.