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

Role
EVP, CFO
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Jul 15, 2021
Transactions value $
-$249,075
Form type
4
Date filed
7/16/2021, 04:31 PM
Next filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +33.2K +141.22% 56.7K Jul 15, 2021 Direct F1
transaction RBBN Common Stock Options Exercise +53.7K +94.78% 110K Jul 15, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$249K -33.8K -30.57% $7.38 76.7K Jul 15, 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 +33.2K +100.01% $0.00 66.4K Jul 15, 2021 Common Stock 33.2K Direct F1, F3
transaction RBBN Restricted Stock Unit Options Exercise $0 +53.7K $0.00* 0 Jul 15, 2021 Common Stock 53.7K 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.