Michael Foliano - Nov 17, 2021 Form 4/A - Amendment Insider Report for ADTRAN INC (ADTN)

Role
Chief Financial Officer
Signature
Michael Foliano
Stock symbol
ADTN
Transactions as of
Nov 17, 2021
Transactions value $
-$56,666
Form type
4/A - Amendment
Date filed
12/20/2021, 09:42 AM
Date Of Original Report
Nov 19, 2021
Previous filing
Nov 17, 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 $0 +9.23K +23.34% $0.00 48.8K Nov 17, 2021 Direct F1, F2
transaction ADTN Common Stock Tax liability -$56.7K -2.71K -5.56% $20.91 46.1K Nov 17, 2021 Direct F1, F2
* 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 netted the vesting of performance shares against shares withheld for taxes. These shares represent the vesting of performance shares awarded pursuant to a grant on November 9, 2018 under the ADTRAN, Inc. 2015 Employee Stock Incentive Plan.
F2 This inadvertent error caused the number of Common Shares Beneficially Owned following the reported transaction to be incorrect. The new amount in column 5 reflects the corrected Common Shares Beneficially Owned.