MARKS WILLIAM L 4
4 · ADTRAN INC · Filed Jan 3, 2019
Insider Transaction Report
Form 4
ADTRAN INCADTN
MARKS WILLIAM L
Director
Transactions
- Exercise/Conversion
Common Stock
2018-12-31+110.947→ 53,187.947 total - Disposition to Issuer
Common Stock
2018-12-31$10.74/sh−0.947$10→ 53,187 total - Exercise/Conversion
Dividend Equivalent Rights
2018-12-31−110.947→ 0 total→ Common Stock (110.947 underlying) - Award
Common Stock
2018-12-31+8,318→ 61,505 total
Holdings
- 8,600(indirect: By IRA)
Common Stock
Footnotes (1)
- [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.