X0303 4 2010-02-22 0 0001138639 INFINERA CORP INFN 0001177264 MCCARTHY MICHAEL O III C/O INFINERA CORPORATION 169 JAVA DRIVE SUNNYVALE CA 94089 0 1 0 0 Chief Legal Officer Employee Stock Option (right to buy) 13.00 2010-02-22 4 D 0 96250 D 2017-06-06 Common Stock 96250 0 D Employee Stock Option (right to buy) 7.61 2010-02-22 4 A 0 60926 A 2017-06-06 Common Stock 60926 60926 D Employee Stock Option (right to buy) 13.00 2010-02-22 4 D 0 100000 D 2018-02-28 Common Stock 100000 0 D Employee Stock Option (right to buy) 7.61 2010-02-22 4 A 0 67600 A 2018-02-28 Common Stock 67600 67600 D The option provided for vesting in sixty equal monthly installments beginning on May 24, 2007. On February 22, 2010, the Issuer cancelled, pursuant to the Issuer's option exchange program, an option granted to the Reporting Person on June 6, 2007. Each exchanged option to purchase one share of common stock was replaced with a new option to purchase a number of shares of common stock equal to the number of options exchanged multiplied by 0.633 which represents an exchange ratio based on the exercise price of the exchanged option, subject to rounding. The option vests in thirty-six equal monthly installments beginning on March 5, 2010. The option provided for vesting in sixty equal monthly installments beginning on March 28, 2008. On February 22, 2010, the Issuer cancelled, pursuant to the Issuer's option exchange program, an option granted to the Reporting Person on February 28, 2007. Each exchanged option to purchase one share of common stock was replaced with a new option to purchase a number of shares of common stock equal to the number of options exchanged multiplied by 0.676 which represents an exchange ratio based on the exercise price of the exchanged option, subject to rounding. The option vests in forty-eight equal monthly installments beginning on March 5, 2010. /s/ Michael O. McCarthy 2010-02-24