Steven M. Bruny - 17 Jun 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP Sales, Americas Region
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
17 Jun 2021
Net transactions value
-$48,327
Form type
4
Filing time
21 Jun 2021, 16:57:27 UTC
Previous filing
17 Jun 2021
Next filing
17 Sep 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 +13,528 +7.2% 202,666 17 Jun 2021 Direct F1
transaction RBBN Common Stock Tax liability $48,327 -5,937 -2.9% $8.14 196,729 17 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 -13,528 -33% $0.000000 27,056 17 Jun 2021 Common Stock 13,528 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 17, 2019, and the remaining 2/3rds of the RSUs vested in four equal semi-annual installments thereafter through June 17, 2022.