ADTRAN INC

CUSIP: 00738A106 Class: COMMON STOCK

FOX RUN MANAGEMENT, L.L.C.'s Holding History (CIK: 0001533457)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017
Shares 26,700 Value ($000) $554 Avg Close — Range —
Q4 2016
Shares 20,300 Value ($000) $454 Avg Close — Range —
Q2 2016
Shares 13,400 Value ($000) $250 Avg Close — Range —