NICHOLS ROY J 4
4 · ADTRAN INC · Filed Jan 5, 2021
Insider Transaction Report
Form 4
ADTRAN INCADTN
NICHOLS ROY J
Director
Transactions
- Exercise/Conversion
Common Stock
2020-12-31+318.161→ 57,689.161 total - Award
Common Stock
2020-12-31+6,094→ 63,783 total - Disposition to Issuer
Common Stock
2020-12-31$14.77/sh−0.161$2→ 57,689 total - Exercise/Conversion
Dividend Equivalent Rights
2020-12-31−318.161→ 0 total→ Common Stock (318.161 underlying)
Footnotes (2)
- [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 andare 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.