Harris Ray 4
4 · ADTRAN INC · Filed Jul 8, 2022
Insider Transaction Report
Form 4
ADTRAN INCADTN
Harris Ray
Chief Information Officer
Transactions
- Disposition to Issuer
Common Stock
2022-07-08−16,551.227→ 0 total
Footnotes (2)
- [F1]Includes 14,158 time-based restricted stock units ("RSUs") that settle upon vesting in shares of the Issuer's common stock.
- [F2]Pursuant to that certain Business Combination Agreement, dated August 30, 2021, by and among the Issuer, ADVA Optical Networking SE, Acorn HoldCo, Inc. (now named ADTRAN Holdings, Inc. ("Holdings")), and Acorn MergeCo, Inc., the Issuer became a wholly owned subsidiary of Holdings on July 8, 2022 (the "Effective Time"). At the Effective Time, (a) each share of the Issuer's common stock converted, on a one-for-one basis, into a share of Holdings' common stock and (b) each RSU measured in shares of the Issuer's common stock, whether vested or unvested, converted, on a one-for-one basis, into an RSU measured in shares of Holdings' common stock on the same terms and conditions as were applicable to the corresponding RSU immediately prior to the Effective Time.