Steven M. Bruny - 15 Jun 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP Sales, Americas
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
15 Jun 2021
Net transactions value
-$24,131
Form type
4
Filing time
17 Jun 2021, 16:23:11 UTC
Next filing
21 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise $0 +6,666 +3.6% $0.000000 192,063 15 Jun 2021 Direct F1
transaction RBBN Common Stock Tax liability $24,131 -2,925 -1.5% $8.25 189,138 15 Jun 2021 Direct

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) Options Exercise $0 -6,666 -100% $0.000000* 0 15 Jun 2021 Common Stock 6,666 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert into Common Stock on a one-for-one basis.
F2 The RSUs vested as to one-third on June 15, 2019 and the remaining two-thirds of the RSUs vested in four equal semi-annual installments thereafter through June 15, 2021.