Melone Anthony J. 4
4 · ADTRAN INC · Filed Jan 3, 2020
Insider Transaction Report
Form 4
ADTRAN INCADTN
Melone Anthony J.
Director
Transactions
- Disposition to Issuer
Common Stock
2019-12-31$9.89/sh−0.44$4→ 19,652 total - Exercise/Conversion
Common Stock
2019-12-31+250.44→ 19,652.44 total - Award
Common Stock
2019-12-31+9,156→ 28,808 total - Exercise/Conversion
Dividend Equivalent Rights
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.