James Denson Wilson Jr - Jun 3, 2021 Form 4 Insider Report for ADTRAN INC (ADTN)

Role: Chief Revenue Officer
Signature: Amy Moss, by power of attorney
Stock symbol: ADTN
Transactions as of: Jun 3, 2021
Transactions value $: $2,670
Form type: 4
Date filed: 6/7/2021, 10:50 AM
Next filing: Sep 7, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADTN	Common Stock	Award	$840	+41.3	+0.1%	$20.36	41.1K	Jun 3, 2021	Direct	F1
transaction	ADTN	Common Stock	Award	$317	+17.3	+0.43%	$18.29	4.05K	Jun 3, 2021	401(k) Plan	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ADTN	Phantom Stock	Award	$1.51K	+75.3	+0.45%	$20.11	16.9K	Jun 3, 2021	Common Stock	75.3		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects shares acquired through the automatic reinvestment of dividends paid on the Company's common stock.
F2	Each share of phantom stock represents a right to receive one share of common stock at the cash value thereof.
F3	The phantom stock becomes payable six months after the reporting person's separation of service with the Company. The reporting person may transfer the phantom stock account into an alternative investment at any time.