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

Role
Chief Financial Officer
Signature
Michael Foliano
Issuer symbol
ADTN
Transactions as of
17 Nov 2021
Net transactions value
-$56,666
Form type
4/A - Amendment
Filing time
20 Dec 2021, 09:42:04 UTC
Date Of Original Report
19 Nov 2021
Previous filing
17 Nov 2021
Next filing
02 Dec 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 Award $0 +9,231 +23% $0.000000 48,784 17 Nov 2021 Direct F1, F2
transaction ADTN Common Stock Tax liability $56,666 -2,710 -5.6% $20.91 46,074 17 Nov 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.