X0202 4 2007-10-21 0 0001056794 AVANEX CORP AVNX 0001237685 BARBAROSSA GIOVANNI C/O AVANEX CORPORATION 40919 ENCYCLOPEDIA CIRCLE FREMONT CA 94538 0 1 0 0 Chief Technology Officer Common Stock 2007-10-21 4 A 0 30000 .001 A 143680 D Common Stock 2007-10-23 4 S 0 833 1.67 D 142847 D Employee Stock Option (right to buy) 1.64 2007-10-21 4 A 0 70000 0 A 2017-10-21 Common Stock 70000 70000 D The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 7, 2006. Includes 21,667 unvested Restricted Stock Units granted on December 20, 2005 that are vesting according to the following schedule: approximately 834 of the Restricted Stock Units shall vest each month hereafter, such that 100% of the Restricted Stock Units will be fully vested on December 20, 2009, subject to the Reporting Person continuing to be a Service Provider through such date. Includes 28,261 unvested Restricted Stock Units granted on February 1, 2006 that are vesting according to the following schedule: approximately 28,261 of the Restricted Stock Units shall vest each quarter hereafter, such that 100% of the Restricted Units will be fully vested on December 31, 2007, subject to the Reporting Person continuing to be a Service Provider through such date. Includes 15,000 unvested Restricted Stock Units granted on October 9, 2006 that will vest according to the following schedule: 25% of the Restricted Stock Units awarded shall vest on October 9, 2007 and 1/48 of the Restricted Stock Units awarded shall vest each month thereafter, such that 100% of the Restricted Stock Units will be fully vested on October 9, 2010, subject to the Reporting Person continuing to be a Service Provider through such date. Includes 10,715 unvested Restricted Stock Units granted on March 21, 2007 that will vest according to the following schedule: 25% of the Restricted Stock Units awarded shall vest on February 15, 2008, and 1/48 of the Restricted Stock Units awarded shall vest each month thereafter, such that 100% of the Restricted Stock Units will be fully vested on February 15, 2011, subject to the Reporting Person continuing to be a Service Provider through such date. Includes 30,000 unvested Restricted Stock Units granted on October 21, 2007 that will vest according to the following schedule: 25% of the Restricted Stock Units awarded shall vest on each anniversary of October 21, 2007, such that 100% of the Restricted Stock Units will be fully vested on October 21, 2011, subject to the Reporting Person continuing to be a Service Provider through such date. The options will vest and become exercisable as to 25% of the underlying shares on October 21, 2008 and the remaining options will vest monthly thereafter, such that 100% of the options will be fully vested on October 21, 2011, subject to the Reporting Person continuing to be a Service Provider through such date. Richard C. Blake, Attorney-in-Fact for Giovanni Barbarossa 2007-10-23