Foliano Michael Form 4 ADTRAN / Michael Foliano ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Foliano Michael

(Last) (First) (Middle)

901 EXPLORER BLVD.

(Street)

HUNTSVILLE AL 35806

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ADTRAN INC [ ADTN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Sr VP, Global Operations

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/24/2017		M		322	A	$23.02	5,417	D
Common Stock	07/24/2017		S		322	D	$23.7	5,095	D
Common Stock	07/25/2017		M		2,546	A	$23.02	7,641	D
Common Stock	07/25/2017		M		10,132	A	$23.02	17,773	D
Common Stock	07/25/2017		M		2,751	A	$15.29	20,524	D
Common Stock	07/25/2017		M		8,249	A	$15.29	28,773	D
Common Stock	07/25/2017		S		23,678	D	$23.7713(1)	5,095	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Stock Option (Right to Buy)	$23.02	07/24/2017		M			322	11/05/2008	11/05/2017	Common Stock	322	$0	2,546	D
Incentive Stock Option (Right to Buy)	$23.02	07/25/2017		M			2,546	11/05/2008	11/05/2017	Common Stock	2,546	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$23.02	07/25/2017		M			10,132	11/05/2008	11/05/2017	Common Stock	10,132	$0	0	D
Incentive Stock Option (Right to Buy)	$15.29	07/25/2017		M			2,751	11/06/2009	11/06/2018	Common Stock	2,751	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$15.29	07/25/2017		M			8,249	11/06/2009	11/06/2018	Common Stock	8,249	$0	0	D

Explanation of Responses:

1. 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.

Remarks:

	Brandon Dang, by power of attorney	07/26/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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