NICHOLS ROY J 4
4 · ADTRAN INC · Filed Jan 3, 2020
Insider Transaction Report
Form 4
ADTRAN INCADTN
NICHOLS ROY J
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2019-12-31+250.44→ 60,700.44 total - Disposition to Issuer
Common Stock
[F1]2019-12-31$9.89/sh−0.44$4→ 60,700 total - Award
Common Stock
[F2]2019-12-31+9,156→ 69,856 total - Exercise/Conversion
Dividend Equivalent Rights
[F1]2019-12-31−250.44→ 0 total→ Common Stock (250.44 underlying)
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]Represents a grant of a restricted stock award that vests in full on the first anniversary of the date of grant.
Signature
Amy Moss, by power of attorney|2019-01-03