UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Finisar Corporation

(Exact name of registrant as specified in its charter)

Delaware		000-27999		94-3038428
(State or other jurisdiction of		(Commission File No.)		(I.R.S. Employer Identification
incorporation)				No.)

1389 Moffett Park Drive
Sunnyvale, CA 94089
(Address of principal executive offices)

Registrant’s telephone number, including area code:
(408) 548-1000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 5.02		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

     In a previous report on Form 8-K dated February 2, 2009 and filed February 6, 2009 (the “Report”), Finisar Corporation (the “Company”) reported the authorization of certain restricted stock unit awards to the Company’s named executive officers to be made March 10, 2009. On March 6, 2009 prior to the grant of any of such awards, the Compensation Committee of the Board of Directors of the Company met and determined to alter the previously authorized awards to reduce the number of shares of common stock underlying the awards from the number that would have otherwise been granted under the formula described in the Report (such reduced awards, the “Updated RSU Awards”). The number of shares of Finisar common stock underlying the Updated RSU Awards with respect to each Finisar named executive officer is set forth in the table below.

Name		Title		Shares Underlying RSU Award
Jerry S. Rawls		Chairman of the Board			53,800
Eitan Gertel		Chief Executive Officer			53,800
Joseph A. Young		Senior Vice President, Operations and Engineering			43,000
David Buse		Senior Vice President and General Manager, Network Tools Division			36,700
Stephen K. Workman		Senior Vice President, Finance, and Chief Financial Officer			33,000

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 12, 2009