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

Role
EVP Sales, Americas Region
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Jun 17, 2021
Transactions value $
-$48,327
Form type
4
Date filed
6/21/2021, 04:57 PM
Previous filing
Jun 17, 2021
Next filing
Sep 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +13.5K +7.15% 203K Jun 17, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$48.3K -5.94K -2.93% $8.14 197K Jun 17, 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 -13.5K -33.33% $0.00 27.1K Jun 17, 2021 Common Stock 13.5K 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.