ADTRAN Holdings, Inc. — Director's Dealing 2017

Jul 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADTRAN INC (ADTN)
CIK: 0000926282
Period of Report: 2017-07-24

Reporting Person: Foliano Michael (Sr VP, Global Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-24	Common Stock	M	322	$23.02	Acquired	5417	Direct
2017-07-24	Common Stock	S	322	$23.70	Disposed	5095	Direct
2017-07-25	Common Stock	M	2546	$23.02	Acquired	7641	Direct
2017-07-25	Common Stock	M	10132	$23.02	Acquired	17773	Direct
2017-07-25	Common Stock	M	2751	$15.29	Acquired	20524	Direct
2017-07-25	Common Stock	M	8249	$15.29	Acquired	28773	Direct
2017-07-25	Common Stock	S	23678	$23.7713	Disposed	5095	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-07-24	Incentive Stock Option (Right to Buy)	$23.02	M	322	Disposed	2017-11-05	Common Stock (322)	Direct
2017-07-25	Incentive Stock Option (Right to Buy)	$23.02	M	2546	Disposed	2017-11-05	Common Stock (2546)	Direct
2017-07-25	Non-Qualified Stock Option (Right to Buy)	$23.02	M	10132	Disposed	2017-11-05	Common Stock (10132)	Direct
2017-07-25	Incentive Stock Option (Right to Buy)	$15.29	M	2751	Disposed	2018-11-06	Common Stock (2751)	Direct
2017-07-25	Non-Qualified Stock Option (Right to Buy)	$15.29	M	8249	Disposed	2018-11-06	Common Stock (8249)	Direct

Footnotes

F1: The shares were sold in multiple transactions at prices ranging from $23.60 to $24.00. 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.