ADTRAN INC 4
4 · ADTRAN INC · Filed Mar 3, 2017
Insider Transaction Report
Form 4
ADTRAN INCADTN
Schansman Raymond R
Sr VP and GM Enterprise Div
Transactions
- Award
Phantom Stock
2017-02-16+59.764→ 14,633.244 total→ Common stock (59.764 underlying)
Footnotes (3)
- [F1]Each share of phantom stock represents a right to receive one share of common stock or the cash value thereof.
- [F2]The phantom stock becomes payable 6 months after the reporting person's separation of service with the Company. The reporting person may transfer his phantom stock account into an alternative investment at any time.
- [F3]The reporting person previously reported an acquisition on November 17, 2017 of 3,100 shares of Phantom Stock as reported on a Form 4 filed on November 18, 2016. The actual number of shares of Phantom Stock acquired on November 17, 2017 was 3,184. The correct amount of derivative securities beneficially owned currently reflects the correct amount.