Statement of Changes in Beneficial Ownership (4)
March 09 2020 - 5:19PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Foliano Michael |
2. Issuer Name and Ticker or Trading Symbol
ADTRAN INC
[
ADTN
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CFO |
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(Last)
(First)
(Middle)
901 EXPLORER BLVD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/5/2020 |
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(Street)
HUNTSVILLE, AL 35806
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | | | | | | | | 233.56 (1) | I | 401(k) plan |
| Common Stock (2) | 3/5/2020 | | A | | 2.482 | A | $0 | 236.04 | I | 401(k) plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Phantom Stock | (3) | 3/5/2020 | | A | | 187.883 | | (4) | (4) | Common Stock | 187.883 | $0 | 17092.16 | D | |
| Explanation of Responses: |
| (1) | Shares held in 401(k) plan by Reporting Person. 6.62 of these shares of common stock were previously reported as phantom stock and therefore should have been reported in Table I. |
| (2) | Dividends reinvested into common stock and held in 401(k) plan by Reporting Person. |
| (3) | Each share of phantom stock represents a right to receive one share of common stock at the cash value thereof. |
| (4) | Phantom stock held in a deferred compensation plan by the Reporting Person, which becomes payable six months after the Reporting Person's separation of service with the Company. The Reporting Person may transfer the phantom stock into an alternative investment at any time. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Foliano Michael
901 EXPLORER BLVD
HUNTSVILLE, AL 35806 |
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| CFO |
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Signatures
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| Amy Moss, by power of attorney | | 3/9/2020 |
| **Signature of Reporting Person | Date |
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