Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Welch David F
  2. Issuer Name and Ticker or Trading Symbol
INFINERA CORP [INFN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President
(Last)
(First)
(Middle)
C/O INFINERA CORPORATION, 140 CASPIAN COURT
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2014
(Street)

SUNNYVALE, CA 94089
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 08/11/2014   S(13)   2,500 D $ 9.2508 (14) 337,717 I See Footnote (2)
Common Stock 08/11/2014   S(15)   5,000 D $ 9.2499 (16) 490,000 I See Footnote (4)
Common Stock 08/12/2014   S(17)   10,000 D $ 9.0954 (18) 669,493 I See Footnote (1)
Common Stock               553,750 I See Footnote (3)
Common Stock               2,500 I See Footnote (5)
Common Stock               14,132 D  

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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 Underlying Securities
(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 of Derivative Security: 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
Employee Stock Option (Right to Buy) $ 2               (6) 08/08/2016 Common Stock 50,000   50,000 D  
Employee Stock Option (Right to Buy) $ 2               (6) 08/08/2016 Common Stock 137,500   137,500 D  
Employee Stock Option (Right to Buy) $ 8.19               (6) 11/23/2016 Common Stock 75,000   75,000 D  
Employee Stock Option (Right to Buy) $ 7.61               (6) 06/06/2017 Common Stock 29,214   29,214 D  
Employee Stock Option (Right to Buy) $ 7.61               (6) 06/06/2017 Common Stock 101,342   101,342 D  
Employee Stock Option (Right to Buy) $ 7.61               (6) 02/28/2018 Common Stock 2,817   2,817 D  
Employee Stock Option (Right to Buy) $ 7.61               (6) 02/28/2018 Common Stock 81,683   81,683 D  
Employee Stock Option (Right to Buy) $ 7.11               (6) 02/10/2019 Common Stock 100,000   100,000 D  
Employee Stock Option (Right to Buy) $ 7.45               (6) 08/10/2019 Common Stock 150,000   150,000 D  
Employee Stock Option (Right to Buy) $ 8.58               (6) 02/10/2021 Common Stock 20,250   20,250 D  
Employee Stock Option (Right to Buy) $ 8.58               (6) 02/10/2021 Common Stock 60,750   60,750 D  
Employee Stock Option (Right to Buy) $ 8.58               (6) 02/10/2021 Common Stock 39,465   39,465 D  
Employee Stock Option (Right to Buy) $ 8.58               (6) 02/10/2021 Common Stock 41,535   41,535 D  
Restricted Stock Units (7)               (8)   (8) Common Stock 26,333   26,333 D  
Restricted Stock Units (7)               (9)   (9) Common Stock 71,250   71,250 D  
Restricted Stock Units (7)               (10)   (10) Common Stock 40,000   40,000 D  
Restricted Stock Units (7)               (11)   (11) Common Stock 36,000   36,000 D  
Restricted Stock Units (7)               (12)   (12) Common Stock 62,770   62,770 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Welch David F
C/O INFINERA CORPORATION
140 CASPIAN COURT
SUNNYVALE, CA 94089
  X     President  

Signatures

 /s/ Alastair A. Short, by Power of Attorney   08/13/2014
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Shares held directly by LRFA, LLC of which Dr. Welch is the sole managing member ("LRFA").
(2) Shares held directly by The Welch Family Trust u/a dtd 04/03/1996 ("The Welch Family Trust").
(3) Shares held directly by SEI Private Trust Company, Trustee of the Welch Family Heritage Trust I u/I dated 9/24/01.
(4) Shares held directly by The Welch Group, L.P. of which Dr. Welch is the general partner ("The Welch Group").
(5) Shares held directly by Dr. Welch as a trustee for his minor children. Dr. Welch disclaims beneficial ownership of the shares held in trust for his minor children, and this report shall not be deemed an admission that Dr. Welch is the beneficial owner of the shares held in trust for his minor children for purposes of Section 16 or for any other purpose.
(6) The option is fully vested.
(7) Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (the "Company").
(8) The RSUs vest in three annual installments beginning on February 5, 2013.
(9) The RSUs fully vest on December 31, 2014.
(10) The RSUs vest in three annual installments beginning on February 5, 2014.
(11) The RSUs vest in four annual installments beginning on August 5, 2014.
(12) The RSUs vest in three annual installments beginning on May 5, 2015.
(13) This sale was made in connection with Dr. Welch's Rule 10b5-1 Trading Plan for The Welch Family Trust, which was adopted on May 29, 2014.
(14) This price represents the weighted average sale price of the shares sold in multiple transactions at prices ranging from $9.19 to $9.31 per share. Upon request by the staff of the Securities and Exchange Commission, the Company or a security holder of the Company, Dr. Welch will provide full information regarding the number of shares sold at each separate price.
(15) This sale was made in connection with Dr. Welch's Rule 10b5-1 Trading Plan for The Welch Group, which was adopted on May 29, 2014.
(16) This price represents the weighted average sale price of the shares sold in multiple transactions at prices ranging from $9.19 to $9.33 per share. Upon request by the staff of the Securities and Exchange Commission, the Company or a security holder of the Company, Dr. Welch will provide full information regarding the number of shares sold at each separate price.
(17) This sale was made in connection with Dr. Welch's Rule 10b5-1 Trading Plan for LRFA, which was adopted on May 24, 2013.
(18) This price represents the weighted average sale price of the shares sold in multiple transactions at prices ranging from $9.06 to $9.16 per share. Upon request by the staff of the Securities and Exchange Commission, the Company or a security holder of the Company, Dr. Welch will provide full information regarding the number of shares sold at each separate price.

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