Thomas R. Stanton - Nov 17, 2021 Form 4/A - Amendment Insider Report for ADTRAN INC (ADTN)

Role
Chairman and CEO, Director
Signature
Michael Foliano, by power of attorney
Stock symbol
ADTN
Transactions as of
Nov 17, 2021
Transactions value $
-$27,810
Form type
4/A - Amendment
Date filed
12/7/2021, 03:29 PM
Date Of Original Report
Nov 19, 2021
Previous filing
Nov 17, 2021
Next filing
Mar 7, 2022

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 Tax liability -$27.8K -1.33K -0.84% $20.91 156K Nov 17, 2021 Common Stock 1.33K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 19, 2021, the reporting person filed a Form 4 which inadvertently omitted the withholding of taxes in connection with the vesting of performance shares awarded pursuant to a grant on November 9, 2018 under the ADTRAN, Inc. 2015 Employee Stock Incentive Plan.
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.
F4 This inadvertent error caused the Number of Derivative Securities Beneficially Owned Following Reported Transaction in Column 9 in the Form 4 filed by the reporting person on December 2, 2021 to be overstated by 1,330 shares.