KRISH A. PRABHU - 15 Jun 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
Director
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
15 Jun 2021
Net transactions value
$0
Form type
4
Filing time
17 Jun 2021, 16:21:30 UTC
Next filing
23 Jun 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RBBN Restricted Stock Units (RSU) Award $0 +14,797 $0.000000 14,797 15 Jun 2021 Common Stock 14,797 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of Ribbon Communications, Inc. common stock.
F2 The RSU will vest on June 15, 2022 subject to the Reporting Person's continued service with the Issuer through such date; provided, however, that if Issuer's 2022 Annual Meeting of Stockholders (the "2022 Annual Meeting") occurs prior to June 15, 2022, and, at such 2022 Annual Meeting, the Reporting Person either chooses not to stand for re-election to the Issuer's Board of Directors or, after standing for re-election, is not re-elected then these RSUs will vest as of the date of the 2022 Annual Meeting.