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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1. Name and Address of Reporting Person * MARVER JAMES D   2. Issuer Name and Ticker or Trading Symbol FINISAR CORP [FNSR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1001 BAYHILL DRIVE, SUITE 300 3. Date of Earliest Transaction (Month/Day/Year) 03/16/2006 (Street) SAN BRUNO, CA 94066 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 03/16/2006   J(1)   17,000,000 D (1) 17,000,000 (1) I See footnote 2 (2) Common Stock 03/16/2006   J(3)   146,762 A (3) 17,146,762 (4) I See footnote 4 (4)

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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MARVER JAMES D 1001 BAYHILL DRIVE, SUITE 300 SAN BRUNO, CA 94066		X

Signatures

/s/ James D. Marver		03/20/2006
**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)	Pro rata distributions as follows: 3,030,930 shares distributed by VantagePoint Venture Partners III (Q) ("VPVP III Q"); 369,070 shares distributed by VantagePoint Venture Partners III, L.P. ("VPVP III"); 12,321,600 shares distributed by VantagePoint Venture Partners IV (Q), L.P. ("VPVP IV Q"); 1,233,520 shares distributed by VantagePoint Venture Partners IV, L.P. ("VPVP IV"); and 44,880 shares distributed by VantagePoint IV Principals, L.P. ("VPVP Principals"). Following such distributions, 3,030,930 shares were held by VPVP III Q, 369,070 shares were held by VPVP III, 12,321,600 shares were held by VPVP IV Q, 1,233,520 shares were held by VPVP IV, and 44,880 shares were held by VPVP Principals.
(2)	Messrs. Salzman and Marver are managing members of VantagePoint Associates III, LLC ("VPVP Associates III"), the general partner of VPVP III Q and VPVP III, and VantagePoint Associates IV, LLC ("VPVP Associates IV"), the general partner of VPVP IV Q, VPVP IV and VPVP Principals; each of VPVP Associates III, VPVP Associates IV, Messrs. Salzman and Marver disclaims beneficial ownership in the reported securities except to the extent of their pecuniary interest therein.
(3)	Acquisitions resulting from pro rata distributions from VPVP III and VPVP Principals.
(4)	Includes 3,030,930 shares held by VPVP III Q, 369,070 shares held by VPVP III, 12,321,600 shares held by VPVP IV Q, 1,233,520 shares held by VPVP IV, 44,880 shares held by VPVP Principals, 66,492 shares held by Alan E. Salzman, 3,332 shares held by the Alan E. Salzman 2003 Annuity Trust, 3,332 shares held by the Jillian M. Salzman 2003 Annuity Trust dated 12/31/03, 67,603 shares held by James D. Marver, 5,554 shares held by the James D. Marver 2003 Annuity Trust dated 12/31/03 and 449 shares held by VPVP Associates IV. Each of VPVP Associates III, VPVP Associates IV, Messrs. Salzman and Marver disclaims beneficial ownership in the reported securities except to the extent of their pecuniary interest therein.

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