SEC Form 4 · accession 0001179022-16-000115
ADTRAN Holdings, Inc. · ADTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Foliano
Officer — Sr VP, Global Operations
Period of report
Nov 12, 2016
Accepted (ET)
Nov 15, 2016 · 12:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000926282
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 12, 2016 | A | 5,095 | $0.00 | A | 5,095 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4,F2,F3 | — | Nov 12, 2016 | A | 3,100 | A | — | — | Common stock | 3,100 | 11,665 | D |
Explanation of responses
- F1Represents a grant of restricted stock units that vest in four equal and annual installments beginning on the first anniversary date of the grant.
- F2Each share of phantom stock represents a right to receive one share of common stock or the cash value thereof.
- F3The 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.
- F4Upon vesting of performance shares awarded pursuant to a grant of November 2, 2013 under the ADTRAN, Inc. 2006 Employee Stock Incentive Plan, the reporting person deferred the receipt of shares of the Company's common stock and received instead shares of phantom stock pursuant to the Company's deferred compensation plan.