ADTRAN INC 4
4 · ADTRAN INC · Filed Jan 4, 2017
Insider Transaction Report
Form 4
ADTRAN INCADTN
MARKS WILLIAM L
Director
Transactions
- Exercise/Conversion
Common Stock
2016-12-31+89.69→ 44,330.69 total - Exercise/Conversion
Dividend Equivalent Rights
2016-12-31−89.69→ 0 total→ Common Stock (89.69 underlying) - Disposition to Issuer
Common Stock
2016-12-31$22.35/sh−0.69$15→ 44,330 total - Award
Common Stock
2016-12-31+4,027→ 48,357 total - Award
Dividend Equivalent Rights
2016-11-17+21.268→ 89.69 total→ Common Stock (89.69 underlying)
Holdings
- 8,600(indirect: By IRA)
Common Stock
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]The dividend equivalent rights accrued when and as dividends were paid on the Company's common stock. Each dividend equivalent right is the economic equivalent of one share of the Company's common stock.