Gregory James McCray - 31 Dec 2021 Form 4 Insider Report for ADTRAN INC (ADTN)

Role
Director
Signature
Michael Foliano, by power of attorney
Issuer symbol
ADTN
Transactions as of
31 Dec 2021
Net transactions value
-$10.87
Form type
4
Filing time
04 Jan 2022, 16:03:16 UTC
Previous filing
02 Dec 2021
Next filing
03 Feb 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 +114 +0.36% 31,901 31 Dec 2021 Direct F1
transaction ADTN Common Stock Disposed to Issuer $10.87 -0 -0% $22.83 31,901 31 Dec 2021 Direct F1
transaction ADTN Common Stock Award $0 +3,943 +12% $0.000000 35,844 31 Dec 2021 Direct F2

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 Options Exercise $0 -114 -100% $0.000000* 0 31 Dec 2021 Common Stock 114 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of dividend equivalent rights in connection with lapse of restriction on restricted stock. The rights accrued when and as dividends were paid on the Company's common stock and are paid in whole shares of common stock with the remainder paid in cash. Each dividend equivalent right is the economic equivalent of one share of the Company's common stock.
F2 Represents restricted stock award grant that vests in full on the first anniversary of the date of grant.