Roy J. Nichols - 29 Aug 2021 Form 4 Insider Report for ADTRAN INC (ADTN)

Role
Director
Signature
Michael Foliano, by power of attorney
Issuer symbol
ADTN
Transactions as of
29 Aug 2021
Net transactions value
-$13.86
Form type
4
Filing time
07 Sep 2021, 13:10:32 UTC
Previous filing
04 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADTN Common Stock Options Exercise +61 +0.1% 63,844 29 Aug 2021 Direct F1
transaction ADTN Common Stock Options Exercise +26 +0.04% 63,871 02 Sep 2021 Direct F1
transaction ADTN Common Stock Disposed to Issuer $13.86 -1 -0% $24.57 63,870 02 Sep 2021 Direct 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 Dividend Equivalent Rights Options Exercise $0 -61 -100% $0.000000* 0 29 Aug 2021 Common Stock 61 Direct F1
transaction ADTN Dividend Equivalent Rights Award $0 +26 $0.000000 26 02 Sep 2021 Common Stock 26 Direct F2
transaction ADTN Dividend Equivalent Rights Options Exercise $0 -26 -100% $0.000000* 0 02 Sep 2021 Common Stock 26 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Roy J. Nichols is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Settlement of dividend equivalent rights in connection with lapse of restriction on restricted stock. The rights accrued when and as dividends were paid on the Company's common stock and are paid in whole shares of common stock with the remainder paid in cash. Each dividend equivalent right is the economic equivalent of one share of the Company's common stock.
F2 Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock. The rights are paid in whole shares of common stock with the remainder paid in cash upon vesting of restricted stock units. Each dividend equivalent right is the equivalent of one share of the Company's common stock.