SCHNEIDER KEVIN W 4
4 · ADTRAN INC · Filed Feb 14, 2011
Insider Transaction Report
Form 4
ADTRAN INCADTN
SCHNEIDER KEVIN W
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
2011-02-11$10.50/sh+33,720$354,060→ 50,518 total - Sale
Common Stock
2011-02-11$46.69/sh−33,720$1,574,532→ 16,798 total - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2011-02-11−33,720→ 0 totalExercise: $10.50From: 2003-10-16Exp: 2012-10-16→ Common Stock (33,720 underlying)
Holdings
- 800(indirect: By IRA)
Common Stock
Footnotes (2)
- [F1]The shares were sold in multiple transactions at prices ranging from $46.5101 to $46.88. This amount represents the weighted average sale price of such transactions. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the Securities and Exchange Commission, the Issuer, or a security holder of the issuer.
- [F2]The Form 4 filed on January 28, 2011 by Mr. Schneider incorrectly reported that these 800 shares were held indirectly by Mr. Schneider's spouse.