SEC Form 4 · accession 0001179022-17-000044
ADTRAN Holdings, Inc. · ADTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond R Schansman
Officer — SVP Global Services & Support
Period of report
Oct 20, 2017
Accepted (ET)
Oct 25, 2017 · 4:22 pm EDT
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 Stock | Oct 20, 2017 | M | 5,250 | $15.29 | A | 11,658 | D | |
| Common Stock | Oct 20, 2017 | M | 5,250 | $15.29 | A | 16,908 | D | |
| Common Stock | Oct 20, 2017 | M | 15,025 | $16.97 | A | 31,933 | D | |
| Common Stock | Oct 20, 2017 | M | 5,009 | $16.97 | A | 36,942 | D | |
| Common Stock | Oct 20, 2017 | M | 12,522 | $18.97 | A | 49,464 | D | |
| Common Stock | Oct 20, 2017 | M | 5,000 | $15.33 | A | 54,464 | D | |
| Common StockF1 | Oct 20, 2017 | S | 48,056 | $21.695 | D | 6,408 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy) | $15.29 | Oct 20, 2017 | M | 5,250 | D | Nov 6, 2009 | Nov 6, 2018 | Common Stock | 5,250 | 0 | D |
| Incentive Stock Option (Right to Buy) | $15.29 | Oct 20, 2017 | M | 5,250 | D | Nov 6, 2009 | Nov 6, 2018 | Common Stock | 5,250 | 0 | D |
| Non-Qualified Stock Option (Right to Buy) | $16.97 | Oct 20, 2017 | M | 15,025 | D | Nov 3, 2013 | Nov 3, 2022 | Common Stock | 15,025 | 0 | D |
| Incentive Stock Option (Right to Buy) | $16.97 | Oct 20, 2017 | M | 5,009 | D | Nov 3, 2013 | Nov 3, 2022 | Common Stock | 5,009 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F2 | $18.97 | Oct 20, 2017 | M | 12,522 | D | Nov 14, 2015 | Nov 14, 2024 | Common Stock | 12,522 | 12,521 | D |
| Non-Qualified Stock Option (Right to Buy)F3 | $15.33 | Oct 20, 2017 | M | 5,000 | D | Nov 14, 2016 | Nov 14, 2025 | Common Stock | 5,000 | 15,000 | D |
Explanation of responses
- F1The shares were sold in multiple transactions at prices ranging from $21.55 to $22.10. This amount represents the weighted average sale price of such transactions. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request by the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F2The issuer issued Incentive Stock Options (right to buy) to the reporting person and Non-Qualified Stock Options (Right to Buy) to the reporting person on November 14, 2014 (originally reported as November 15, 2014). At the time of issuance, these stock options were properly reported on Form 4. The issuer has now exceeded alloted Incentive Stock Option amounts for the reporting person and has changed some of the Incentive Stock Options to be Non-Qualified Options. The total in Column 9 represents the total options (both Incentive Stock Options and Non-Qualified Stock Options) remaining from the grant, in the aggregate.
- F3The issuer issued Incentive Stock Options (right to buy) to the reporting person and Non-Qualified Stock Options (Right to Buy) to the reporting person on November 14, 2015. At the time of issuance, these stock options were properly reported on Form 4. The issuer has now exceeded alloted Incentive Stock Option amounts for the reporting person and has changed some of the Incentive Stock Options to be Non-Qualified Options. The total in Column 9 represents the total options (both Incentive Stock Options and Non-Qualified Stock Options) remaining from the grant, in the aggregate.