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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
926282	Adtran Inc	ADTN	Telephone & Telegraph Apparatus (3661)	630918200

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1371377	Jr Denson James Wilson	901 Explorer Blvd. Huntsville AL 35806	Svp Technology & Strategy	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2016-11-17	5,009	$16.97	11,472	No	4	M	Direct
Common Stock	Acquisiton	2016-11-17	15,025	$16.97	26,497	No	4	M	Direct
Common Stock	Acquisiton	2016-11-17	6,261	$15.33	32,758	No	4	M	Direct
Common Stock	Disposition	2016-11-17	26,295	$19.93	6,463	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Phantom Stock	Acquisiton	2016-11-17	28	$0.00	28	$0.00
Common Stock	Incentive Stock Option (Right to Buy)	Disposition	2016-11-17	5,009	$0.00	5,009	$16.97
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2016-11-17	15,025	$0.00	15,025	$16.97
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2016-11-17	6,261	$0.00	6,261	$15.33

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
9,425			No	4	A	Direct
0	2013-11-03	2022-11-03	No	4	M	Direct
0	2013-11-03	2022-11-03	No	4	M	Direct
18,783	2016-11-14	2025-11-14	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,058	Indirect	by 401(k) plan

Footnotes

Each share of phantom stock represents a right to receive one share of common stock or the cash value thereof.
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.
The shares were sold in multiple transactions at prices ranging from $19.85 to $20.00. 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.
The reporting person has acquired shares of ADTRAN, Inc. common stock under the ADTRAN, Inc. 401(k) plan. The information in this report is based on a plan statement as of Nov. 18, 2016.
The 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.