SCHNEIDER KEVIN W 4
4 · ADTRAN INC · Filed Feb 17, 2012
Insider Transaction Report
Form 4
ADTRAN INCADTN
SCHNEIDER KEVIN W
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
2012-02-15$10.50/sh+11,280$118,440→ 33,734 total - Sale
Common Stock
2012-02-15$37.54/sh−11,280$423,447→ 22,454 total - Exercise/Conversion
Incentive Stock Option (Right to Buy)
2012-02-15−11,280→ 0 totalExercise: $10.50From: 2003-10-16Exp: 2012-10-16→ Common Stock (11,280 underlying)
Holdings
- 800(indirect: By IRA)
Common Stock
Footnotes (2)
- [F1]The shares were sold in multiple transactions at prices ranging from $37.4702 to $37.55. 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 option vests in four equal and annual installments beginning on the first anniversary date of the grant as shown in column 6.