Mariano de Beer - 22 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
22 Jun 2021
Net transactions value
-$61,351
Form type
4
Filing time
23 Jun 2021, 16:02:54 UTC
Previous filing
17 Jun 2021
Next filing
17 Jun 2022
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 +27,089 27,089 22 Jun 2021 Direct F1
transaction RBBN Common Stock Tax liability $61,351 -8,126 -30% $7.55 18,963 22 Jun 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 -27,089 -100% $0.000000* 0 22 Jun 2021 Common Stock 27,089 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.