ADTRAN INC 4
4 · ADTRAN INC · Filed Dec 5, 2013
Insider Transaction Report
Form 4
ADTRAN INCADTN
MATTHEWS JAMES E
DirectorSr. Vice President
Transactions
- Award
Phantom Stock
2013-11-07+2,066→ 9,590.304 total→ Common Stock (2,066 underlying) - Award
Phantom Stock
2013-11-07+28.708→ 7,524.304 total→ Common Stock (28.708 underlying) - Award
Phantom Stock
2013-08-08+25.357→ 7,495.596 total→ Common Stock (25.357 underlying)
Footnotes (3)
- [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.
- [F3]Upon vesting of performance shares awarded pursuant to a grant of November 6, 2010 under the ADTRAN, Inc. 2006 Employee Stock Incentive Plan, the reporting person deferred the receipt of shares of the Company's common stock and received instead shares of phantom stock pursuant to the Company's deferred compensation plan.