Mariano de Beer - Jun 22, 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
Director
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Jun 22, 2021
Transactions value $
-$61,351
Form type
4
Date filed
6/23/2021, 04:02 PM
Previous filing
Jun 17, 2021
Next filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +27.1K 27.1K Jun 22, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$61.4K -8.13K -30% $7.55 19K Jun 22, 2021 Direct F2

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 -27.1K -100% $0.00* 0 Jun 22, 2021 Common Stock 27.1K Direct F1, F3
* 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 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3 The RSU was awarded on June 22, 2020 and vested in full on June 22, 2021.