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

1. Name and Address of Reporting Person *

Fallon Thomas J
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)
Chief Executive Officer
(Last)          (First)          (Middle)

C/O INFINERA CORPORATION, 140 CASPIAN COURT
3. Date of Earliest Transaction (MM/DD/YYYY)

2/2/2015
(Street)

SUNNYVALE, CA 94089
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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                  730719   I   See Footnote   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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)   $8.19                      (2) 11/23/2016   Common Stock   75000     75000   D    
Employee Stock Option (Right to Buy)   $8.19                      (2) 11/23/2019   Common Stock   5595     5595   D    
Employee Stock Option (Right to Buy)   $8.19                      (2) 11/23/2019   Common Stock   294405     294405   D    
Employee Stock Option (Right to Buy)   $7.61                      (2) 2/28/2018   Common Stock   15056     15056   D    
Employee Stock Option (Right to Buy)   $8.58                      (2) 2/10/2021   Common Stock   14286     14286   D    
Employee Stock Option (Right to Buy)   $8.58                      (2) 2/10/2021   Common Stock   32965     32965   D    
Employee Stock Option (Right to Buy)   $8.58                      (2) 2/10/2021   Common Stock   30475     30475   D    
Employee Stock Option (Right to Buy)   $8.58                      (2) 2/10/2021   Common Stock   182250     182250   D    
Restricted Stock Units     (3)                    (4)   (4) Common Stock   51666     51666   D    
Restricted Stock Units     (3)                    (5)   (5) Common Stock   75333     75333   D    
Restricted Stock Units     (3)                    (6)   (6) Common Stock   106888     106888   D    
Restricted Stock Units     (3) 2/2/2015     A      85000         (7)   (7) Common Stock   85000   $0.00   85000   D    
Restricted Stock Units     (3) 2/2/2015     A      80166         (8)   (8) Common Stock   80166   $0.00   80166   D    

Explanation of Responses:
( 1)  These shares are held directly by The Fallon Family Revocable Trust dated 9/7/94, for which Mr. Fallon is a trustee.
( 2)  This option is fully-vested.
( 3)  Each restricted stock unit ("RSU") represents a contingent right to receive one share of Infinera Corporation common stock.
( 4)  These RSUs vest in three annual installments beginning on February 5, 2013.
( 5)  These RSUs vest in three annual installments beginning on February 5, 2014.
( 6)  These RSUs vest in three annual installments beginning on May 5, 2015.
( 7)  On January 30, 2013, Mr. Fallon was granted a performance-based RSU award at target for 170,000 shares of common stock, subject to the achievement of certain performance criteria. One-third of the shares are eligible to vest in each performance period up to a maximum of 150% of target. The performance criteria related to these shares were met at 150% of target for the second performance period, as determined by the administrator per the terms of the original grant, and the common stock issuable with respect to these 85,000 performance-based RSUs will vest on February 5, 2015, subject to Mr. Fallon's continuous status as a service provider through such date.
( 8)  On February 25, 2014, Mr. Fallon was granted a performance-based RSU award at target for 160,330 shares of common stock, subject to the achievement of certain performance criteria. One-third of the shares are eligible to vest in each performance period up to a maximum of 150% of target. The performance criteria related to these shares were met at 150% of target for the first performance period, as determined by the administrator per the terms of the original grant, and the common stock issuable with respect to these 80,166 performance-based RSUs will vest on February 5, 2015, subject to Mr. Fallon's continuous status as a service provider through such date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Fallon Thomas J
C/O INFINERA CORPORATION
140 CASPIAN COURT
SUNNYVALE, CA 94089
X
Chief Executive Officer

Signatures
/s/ Michael Post, by Power of Attorney 2/4/2015
** 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.
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 control number.
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