Miguel A. Lopez - 15 Jul 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CFO
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
15 Jul 2021
Net transactions value
-$249,075
Form type
4
Filing time
16 Jul 2021, 16:31:53 UTC
Next filing
20 Jan 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 +33,187 +141% 56,687 15 Jul 2021 Direct F1
transaction RBBN Common Stock Options Exercise +53,730 +95% 110,417 15 Jul 2021 Direct F1
transaction RBBN Common Stock Tax liability $249,075 -33,750 -31% $7.38 76,667 15 Jul 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 +33,187 +100% $0.000000 66,371 15 Jul 2021 Common Stock 33,187 Direct F1, F3
transaction RBBN Restricted Stock Unit Options Exercise $0 +53,730 $0.000000* 0 15 Jul 2021 Common Stock 53,730 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert to common stock on a one-for-one basis.
F2 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3 The RSUs vest over a three-year period as follows: one-third of the restricted stock units vested on July 15, 2021, and the remaining two-thirds of the RSUs shall vest in four equal, semi-annual installments thereafter through July 15, 2023.
F4 The RSU vested in full on July 15, 2021.