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 *
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)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
C/O INFINERA CORPORATION, 140 CASPIAN COURT
3. Date of Earliest Transaction (Month/Day/Year)
01/01/2012
(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 01/01/2012   A   62,500 (15) A $ 0 180,551 I See Footnote (1)
Common Stock 01/01/2012   F   30,090 D $ 6.28 150,461 I See Footnote (1)
Common Stock               250,000 I See Footnote (13)
Common Stock               250,000 I See Footnote (14)
Common Stock               20,570 I See Footnote (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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               (3) 08/08/2016 Common Stock 50,000   50,000 D  
Employee Stock Option (Right o Buy) $ 2               (3) 08/08/2016 Common Stock 50,000   50,000 D  
Employee Stock Option (Right to Buy) $ 7.11               (4) 02/10/2019 Common Stock 100,000   100,000 D  
Employee Stock Option (Right to Buy) $ 7.45               (5) 08/10/2019 Common Stock 150,000   150,000 D  
Employee Stock Option (Right to Buy) $ 8.19               (6) 11/23/2019 Common Stock 5,595   5,595 D  
Employee Stock Option (Right to Buy) $ 8.19               (6) 11/23/2019 Common Stock 294,405   294,405 D  
Employee Stock Option (Right to Buy) $ 8.19               (7) 11/23/2016 Common Stock 75,000   75,000 D  
Employee Stock Option (Right to Buy) $ 7.61               (8) 06/06/2017 Common Stock 29,214   29,214 D  
Employee Stock Option (Right to Buy) $ 7.61               (8) 06/06/2017 Common Stock 101,342   101,342 D  
Employee Stock Option (Right to Buy) $ 7.61               (9) 02/28/2018 Common Stock 2,817   2,817 D  
Employee Stock Option (Right to Buy) $ 7.61               (9) 02/28/2018 Common Stock 81,683   81,683 D  
Employee Stock Option (Right to Buy) $ 8.58               (10) 02/10/2021 Common Stock 41,279   41,279 D  
Employee Stock Option (Right to Buy) $ 8.58               (10) 02/10/2021 Common Stock 201,721   201,721 D  
Restricted Stock Units (11)               (12)   (12) Common Stock 142,000   142,000 D  

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
      President and CEO  

Signatures

 /s/ Michael O. McCarthy III, by Power of Attorney   01/03/2012
**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 the Fallon Family Revocable Trust dated 9/7/94 for which the Reporting Person serves as trustee.
(2) 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 trusts 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 trusts for his minor children for purposes of Section 16 or for any other purpose.
(3) The option fully vested on August 8, 2010.
(4) The opton fully vested on February 10, 2011.
(5) The option vests and becomes exercisable in twenty-four equal monthly installments beginning on August 10, 2009.
(6) The option vests and becomes exercisable in forty-eight equal monthly installments beginning on November 23, 2009.
(7) The option vests and becomes exercisable in thirty-six equal monthly installments beginning on November 23, 2009.
(8) The option vests and becomes exercisable in thirty-six equal monthly installments beginning on February 5, 2010.
(9) The option vests and becomes exercisable in forty-eight equal monthly installments beginning on February 5, 2010.
(10) The option vests and becomes exercisable in thirty-six equal monthly installments beginning on February 10, 2011.
(11) Each restricted stock unit ("RSU") represents a contingent right to receive one share of INFN common stock.
(12) The RSUs vest in three equal annual installments beginning on February 5, 2012.
(13) Shares held directly by Thomas J. Fallon, Trustee of Thomas J. Fallon 2011 Annuity Trust A dated August 1, 2011 for which the Reporting Person serves as trustee.
(14) Shares held directly by Shannon F. Fallon, Trustee of Thomas J. Fallon 2011 Annuity Trust A dated August 1, 2011 for which the Reporting Person serves as trustee.
(15) This includes performance-based RSUs granted in 2009 in which the award criteria was satisfied in 2011.

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