NORTH JAMES L 4
4 · ADTRAN INC · Filed Jan 3, 2013
Insider Transaction Report
Form 4
ADTRAN INCADTN
NORTH JAMES L
Director
Transactions
- Award
Common Stock
2012-12-31+4,094→ 88,760 total - Exercise/Conversion
Common Stock
2012-12-31+28.757→ 84,666.757 total - Disposition to Issuer
Common Stock
2012-12-31$19.54/sh−0.757$15→ 84,666 total - Exercise/Conversion
Dividend Equivalent Rights
2012-12-31−28.757→ 0 total→ Common Stock (28.757 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 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.
- [F2]Represents a grant of restricted stock that vests at 100% on the 1st anniversary of the grant.