ADTRAN INC 4
4 · ADTRAN INC · Filed May 13, 2013
Insider Transaction Report
Form 4
ADTRAN INCADTN
IRELAND ROSS K
Director
Transactions
- Award
Dividend Equivalent Rights
2013-05-09+17.648→ 33.661 total→ Common Stock (17.648 underlying) - Award
Phantom Stock
2013-05-09+15.899→ 30.325 total→ Common Stock (15.899 underlying) - Award
Phantom Stock
2013-02-21+14.426→ 14.426 total→ Common Stock (14.426 underlying)
Footnotes (3)
- [F1]The dividend equivalent rights accrue when and as dividends are paid on the Company's common stock. Each dividend equivalent right is the economic equivalent of one share of the Company's common stock.
- [F2]Each share of phantom stock represents a right to receive one share of common stock or the cash value thereof.
- [F3]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.