SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Adzema Kurt

(Last) (First) (Middle)
1389 MOFFETT PARK DRIVE

(Street)
SUNNYVALE CA 94089-1134

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FINISAR CORP [ FNSR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/11/2010
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/11/2010 12/11/2010 F (1) 81 D $25.33 48,789 D
Common Stock 12/13/2010 12/13/2010 M 30,000 A $10.16 78,789 D
Common Stock 12/13/2010 12/13/2010 M 3,906 A $8.29 82,695 D
Common Stock 12/13/2010 12/13/2010 M 2,109 A $10.08 84,804 D
Common Stock 12/13/2010 12/13/2010 M 1,570 A $3.36 86,374 D
Common Stock 12/13/2010 12/13/2010 M 1,314 A $8.29 87,688 D
Common Stock 12/13/2010 12/13/2010 S 10,000 (2) D $25.9 77,688 D
Common Stock 12/13/2010 12/13/2010 S 30,765 (2) D $25.8896 46,923 D
Common Stock 12/14/2010 12/14/2010 S 138 (2) D $25.97 46,785 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $10.16 12/13/2010 12/13/2010 M 30,000 (3) 04/18/2015 Common Stock 30,000 $0.0000 6,562 D
Stock Option (Right to Buy) $8.29 12/13/2010 12/13/2010 M 3,906 09/01/2010 12/08/2019 Common Stock 3,906 $0.0000 8,594 D
Stock Option (Right to Buy) $8.29 12/13/2010 12/13/2010 M 1,314 12/08/2010 12/08/2019 Common Stock 1,314 $0.0000 3,944 D
Stock Option (Right to Buy) $10.08 12/13/2010 12/13/2010 M 2,109 12/11/2009 09/11/2018 Common Stock 2,109 $0.0000 1,641 D
Stock Option (Right to Buy) $3.36 12/13/2010 12/13/2010 M 1,570 12/12/2009 12/12/2018 Common Stock 1,570 $0.0000 14,130.75 D
Explanation of Responses:
1. On Dec 11, 2010, the Reporting Person vested in 219 restricted stock units ("RSUs") and as a result acquired 219 shares of common stock of the Issuer pursuant to the Reporting Person's September 11, 2008 grant of RSUs. This Form 4 reports the disposition of shares withheld by the Issuer pursuant to the RSUs' grant agreement in order to satisfy the Reporting Person's withholding obligations for various taxes due upon the vesting of the RSUs. The Issuer will pay the taxes on behalf of the Reporting Person.
2. Shares were sold pursuant to a Rule 10b5-1 Stock Trading Plan adopted by the reporting person on April 7, 2010, as amended Oct 8, 2010.
3. All the shares are vested and exercisable on Feb 07, 2010
Girija Karumanchi as Attorney-in-fact for 12/15/2010
** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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