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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

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)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP, Chief Strategy Officer
(Last)          (First)          (Middle)

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

2/13/2012
(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                  14132   D    
Common Stock                  1099493   I   See Footnote   (1)
Common Stock                  174614   I   See Footnote   (2)
Common Stock                  553750   I   See Footnote   (3)
Common Stock                  500000   I   See Footnote   (4)
Common Stock                  2500   I   See Footnote   (5)

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)   $2                      (6) 8/8/2016   Common Stock   50000     50000   D    
Employee Stock Option (Right to Buy)   $2                      (6) 8/8/2016   Common Stock   137500     137500   D    
Employee Stock Option (Right to Buy)   $7.11                      (7) 2/10/2019   Common Stock   100000     100000   D    
Employee Stock Option (Right to Buy)   $7.45                      (8) 8/10/2019   Common Stock   150000     150000   D    
Employee Stock Option (Right to Buy)   $8.19                      (9) 11/23/2016   Common Stock   75000     75000   D    
Employee Stock Option (Right to Buy)   $7.61                      (10) 6/6/2017   Common Stock   29214     29214   D    
Employee Stock Option (Right to Buy)   $7.61                      (10) 6/6/2017   Common Stock   101342     101342   D    
Employee Stock Option (Right to Buy)   $7.61                      (11) 2/28/2018   Common Stock   2817     2817   D    
Employee Stock Option (Right to Buy)   $7.61                      (11) 2/28/2018   Common Stock   81683     81683   D    
Employee Stock Option (Right to Buy)   $8.58                      (12) 2/10/2021   Common Stock   39465     39465   D    
Employee Stock Option (Right to Buy)   $8.58                      (12) 2/10/2021   Common Stock   41535     41535   D    
Restricted Stock Units     (13)                    (14)   (14) Common Stock   27333     27333   D    
Restricted Stock Units     (13)                    (15)   (15) Common Stock   79000     79000   D    
Restricted Stock Units     (13) 2/13/2012     A      128250         (16)   (16) Common Stock   128250   $ 0   128250   D    

Explanation of Responses:
( 1)  Shares held directly by LRFA, LLC of which the Reporting Person is the sole managing member.
( 2)  Shares held directly by the Welch Family Trust dated 4/3/96.
( 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 Welch Group, L.P. of which the Reporting Person is the general partner.
( 5)  Shares held directly by the Reporting Person as a trustee for his minor children. The Reporting Person disclaims beneficial ownership of the shares held in trust for his minor children, and this report shall not be deemed an admission that the Reporting Person 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 fully vested on June 29, 2010.
( 7)  The option fully vested on February 10, 2011.
( 8)  The option fully vested on August 10, 2011.
( 9)  The option vests and becomes exercisable in thirty-six equal monthly installments beginning on November 23, 2009.
( 10)  The option vests and becomes exercisable in thirty-six equal monthly installments beginning on February 5, 2010.
( 11)  The option vests and becomes exercisable in forty-eight equal monthly installments beginning on February 5, 2010.
( 12)  The option vests and becomes exercisable in thirty-six equal monthly installments beginning on February 10, 2011.
( 13)  Each restricted stock unit ("RSU") represents a contingent right to receive one share of INFN common stock.
( 14)  The RSUs vest in three equal annual installments beginning on February 5, 2012.
( 15)  The RSUs vest in three equal annual installments beginning on February 5, 2013.
( 16)  The RSUs vest as to 57,000 of the RSUs on December 31, 2013 and 71,250 of the RSUs on December 31, 2014.

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

EVP, Chief Strategy Officer

Signatures
/s/ Michael O. McCarthy III, by Power of Attorney 2/15/2012
** 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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