MATTHEWS JAMES E 4
4 · ADTRAN INC · Filed May 13, 2013
Insider Transaction Report
Form 4
ADTRAN INCADTN
MATTHEWS JAMES E
DirectorSr. Vice President
Transactions
- Award
Phantom Stock
2013-05-09$21.06/sh+31.79$669→ 7,470.239 total→ Common Stock (31.79 underlying)
Footnotes (2)
- [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.