ADTRAN INC 4
4 · ADTRAN INC · Filed Aug 29, 2014
Insider Transaction Report
Form 4
ADTRAN INCADTN
Heering Kevin P.
Sr VP Quality & Administration
Transactions
- Sale
Common Stock
2014-08-29$23.10/sh−4,326$99,913→ 150 total - Sale
Common Stock
2014-08-29$23.11/sh−1,324$30,599→ 150 total - Exercise/Conversion
Non-Qualified (Right to Buy)
2014-08-29−1,324→ 0 totalExercise: $22.17From: 2005-10-18Exp: 2014-10-18→ Common Stock (1,324 underlying) - Exercise/Conversion
Common Stock
2014-08-29$22.17/sh+1,324$29,353→ 1,474 total - Exercise/Conversion
Common Stock
2014-08-29$22.17/sh+4,326$95,907→ 4,476 total - Exercise/Conversion
Incentive Stock Option (Right to Buy)
2014-08-29−4,326→ 0 totalExercise: $22.17From: 2005-10-18Exp: 2014-10-18→ Common Stock (4,326 underlying)
Holdings
- 4,000(indirect: by mother)
Common Stock
Footnotes (4)
- [F1]The shares were sold in multiple transactions at prices ranging from $23.096 to $23.11. 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 shares were sold in multiple transactions at prices ranging from $23.11 to $23.12. 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.
- [F3]Reporting person has investment power over these securities. Reporting person disclaims beneficial ownership.
- [F4]The option vests in four equal and annual installments beginning on the first anniversary date of the grant shown in column 6.