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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
1192268	A Robert Fredrickson	901 Explorer Blvd. Huntsville AL 35806	Vp - Carrier Network Sales	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	Explanation
Common Stock	Acquisiton	2014-07-21	2,577	$16.97	2,577	No	4	M	Direct
Common Stock	Disposition	2014-07-21	2,577	$22.07	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
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	Non-Qualified Stock Option (Right to Buy)	Disposition	2014-07-21	2,577	$0.00	2,755	$16.97

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2013-11-03	2022-11-03	No	4	M	Direct

Footnotes

The shares were sold in multiple transactions at prices ranging from $22.03 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.
The option vests in four equal and annual installments beginning on the first anniversary date of the grant as shown in column 6.