James Denson Wilson Jr. - 11 Aug 2022 Form 4/A - Amendment Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role
Chief Revenue Officer
Signature
Michael Foliano, by power of attorney
Issuer symbol
ADTN
Transactions as of
11 Aug 2022
Net transactions value
-$388,809
Form type
4/A - Amendment
Filing time
02 Sep 2022, 16:25:03 UTC
Date Of Original Report
15 Aug 2022
Previous filing
11 Jul 2022
Next filing
08 Sep 2022
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 $99,991 +5,271 +4% $18.97 137,526 11 Aug 2022 Direct
transaction ADTN Common Stock Sale $127,400 -5,271 -3.8% $24.17 132,255 11 Aug 2022 Direct F1
transaction ADTN Common Stock Options Exercise $95,966 +6,260 +4.7% $15.33 138,515 11 Aug 2022 Direct
transaction ADTN Common Stock Sale $151,304 -6,260 -4.5% $24.17 132,255 11 Aug 2022 Direct F1
transaction ADTN Common Stock Options Exercise $375,075 +19,772 +15% $18.97 152,027 11 Aug 2022 Direct
transaction ADTN Common Stock Sale $478,087 -19,772 -13% $24.18 132,255 11 Aug 2022 Direct F2
transaction ADTN Common Stock Options Exercise $191,962 +12,522 +9.5% $15.33 144,777 11 Aug 2022 Direct
transaction ADTN Common Stock Sale $302,782 -12,522 -8.6% $24.18 132,255 11 Aug 2022 Direct F2
transaction ADTN Common Stock Sale $92,229 -3,797 -2.9% $24.29 128,458 11 Aug 2022 Direct F3
holding ADTN Common Stock 4,117 11 Aug 2022 401(k) Plan

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 Incentive Stock Option (Right to Buy) Options Exercise $0 -5,271 -100% $0.000000* 0 11 Aug 2022 Common Stock 5,271 $18.97 Direct F4
transaction ADTN Incentive Stock Option (Right to Buy) Options Exercise $0 -6,260 -100% $0.000000* 0 11 Aug 2022 Common Stock 6,260 $15.33 Direct F5
transaction ADTN Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -19,772 -100% $0.000000* 0 11 Aug 2022 Common Stock 19,772 $18.97 Direct F4
transaction ADTN Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -12,522 -100% $0.000000* 0 11 Aug 2022 Common Stock 12,522 $15.33 Direct F5
holding ADTN Incentive Stock Option (Right to Buy) 4,865 11 Aug 2022 Common Stock 4,865 $23.64 Direct F6
holding ADTN Non-Qualified Stock Option (Right to Buy) 15,169 11 Aug 2022 Common Stock 15,169 $23.64 Direct F6
holding ADTN Phantom Stock 17,196 11 Aug 2022 Common Stock 17,196 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold in multiple transactions at prices ranging from $24.07 to $24.45, inclusive. The reporting person undertakes to provide to ADTRAN Holdings, Inc. (the Issuer), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
F2 These shares were sold in multiple transactions at prices ranging from $24.07 to $24.38, inclusive. The reporting person undertakes to provide to ADTRAN Holdings, Inc. (the Issuer), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.
F3 These shares were sold in multiple transactions at prices ranging from $24.15 to $24.41, inclusive. The reporting person undertakes to provide to ADTRAN Holdings, Inc. (the Issuer), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4.
F4 The options granted to the reporting person vested in four equal annual installments beginning on the first anniversary of the date of the grant, which was November 15, 2014.
F5 The options granted to the reporting person vested in four equal annual installments beginning on the first anniversary of the date of the grant, which was November 14, 2015.
F6 The options granted to the reporting person vested in four equal annual installments beginning on the first anniversary of the date of the grant, which was November 2, 2013.
F7 Represents shares of phantom stock of the Issuer that have been acquired through the automatic reinvestment of dividends paid on the Issuer's common stock, which phantom shares become payable in cash six months after the reporting person's separation of service with the Issuer.

Remarks:

Explanatory note: This amendment is being filed to clarify that the sales prices for the direct sales on 8/11/22 that were originally reported in the Form 4 filed on 8/15/22 were weighted average prices and to provide the range of prices at which the at which the shares were sold.