Schansman Raymond R 4
4 · ADTRAN INC · Filed Oct 30, 2017
Insider Transaction Report
Form 4
ADTRAN INCADTN
Schansman Raymond R
Sr VP and GM Enterprise Div
Transactions
- Discretionary Transaction
Phantom Stock
2017-10-26−14,760.312→ 0 total→ Common Stock (14,760.312 underlying)
Footnotes (3)
- [F1]Each share of phantom stock represents a right to receive one share of common stock or the cash value thereof.
- [F2]The phantom stock becomes payable 6 months after the reporting person's separation of service with the Company. The reporting person may transfer his phantom stock account into an alternative investment at any time.
- [F3]The reporting person transferred 14,760.312 shares of phantom stock held under the issuer's deferred compensation plan into alternative investments within the deferred compensation plan at a price of $20.02 for each share of phantom stock.