Gregory J. McCray - Sep 2, 2021 Form 4 Insider Report for ADTRAN INC (ADTN)

Role
Director
Signature
Michael Foliano, by power of attorney
Stock symbol
ADTN
Transactions as of
Sep 2, 2021
Transactions value $
$683
Form type
4
Date filed
9/7/2021, 04:31 PM
Previous filing
Jun 7, 2021
Next filing
Dec 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction ADTN Common Stock Award $683 +32.9 +0.1% $20.72 31.8 K Sep 2, 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 Award $0 +26.5 +43.33% $0.00 87.6 Sep 2, 2021 Common Stock 26.5 Direct F2

Explanation of Responses:

Id Content
F1 Reflects shares acquired through the automatic reinvestment of dividends paid on 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.