(b) On April 6, 2017, Jim Haynes, Chief Operating Officer of Oclaro, Inc. (the “Company”), notified the Company that he will retire on March 31, 2018. Effective April 10, 2017, Mr. Haynes and the Company have agreed that he will serve as the Company’s Executive Vice President.

(c)>On April 10, 2017, in connection with Mr. Haynes’ decision to retire from the Company, Craig S. Cocchi joined Oclaro, Inc. (the “Company”) as its Chief Operating Officer. Prior to joining the Company, Mr. Cocchi, 52, served from June 2016 to March 2017 as the Executive Vice President, Operations of Fabrinet. From May 2009 to February 2016 he served as Senior Vice President, Operations of Lumentum (formerly JDSU Corporation), from October 2008 as its Vice President and General Manager, Commercial Lasers and from January 2008 to October 2008 as its Vice President, Operations, Commercial Lasers. Prior to Lumentum, Mr. Cocchi served in a variety of operations roles at SAE Magnetics and Read-Rite Corporation. Mr. Cocchi holds B.S. degrees in Electrical Engineering and Sociology from the University of California, San Diego.

Mr. Cocchi will receive a base salary of $350,000 per year for his service as Executive Vice President, Global Operations and he will be eligible for annual bonuses, to be paid semi-annually, based upon achievement of individual and/or company performance goals. At full achievement of such goals, the total annual target bonus will be equal to 60% of his base salary. The Company expects to grant to Mr. Cocchi an award of 130,000 restricted stock units. The restricted stock units award is expected to vest as follows: 25% of the units will vest on the first anniversary of the grant date and, with respect to the remaining units, 6.25% of the units will vest on each February 10th, May 10th, August 10th and November 10th after the initial vesting date over the following three years of continuous service.

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About OCLARO, INC.> (NASDAQ:OCLR)

Oclaro, Inc. is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Company provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications. The Company’s product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules, and discrete lasers and receivers. It designs, manufactures and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. The Company supplies transmission products at the component level and the module level into 10 gigabits per second (Gb/s), 40 Gb/s and 100 Gb/s communications solutions.

OCLARO, INC.> (NASDAQ:OCLR) Recent Trading Information

OCLARO, INC.> (NASDAQ:OCLR) closed its last trading session up +0.04 at 9.12 with 13,499,935 shares trading hands.