SEC Form 4 · accession 0001209191-16-092832
ADTRAN Holdings, Inc. · ADTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas R Stanton
Officer — CEO · Director
Period of report
Nov 12, 2015
Accepted (ET)
Jan 21, 2016 · 2:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000926282
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | — | Nov 12, 2015 | A | 233 | A | — | — | Common Stock | 233 | 40,259 | D |
| Phantom StockF3,F1,F2 | — | Nov 14, 2015 | A | 10,195 | A | — | — | Common Stock | 10,195 | 50,454 | D |
Explanation of responses
- F1Each share of phantom stock represents a right to receive one share of common stock or the cash value thereof.
- F2The 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.
- F3Upon vesting of performance shares awarded pursuant to a grant under the ADTRAN, Inc. 2015 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.