Anthony Scarfo - Sep 16, 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP & GM, Cloud & Edge BU
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Sep 16, 2021
Transactions value $
-$68,923
Form type
4
Date filed
9/17/2021, 04:06 PM
Previous filing
Jun 21, 2021
Next filing
Dec 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +27K +20.4% 159K Sep 16, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$68.9K -11K -6.89% $6.28 148K Sep 16, 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 -27K -25% $0.00 81K Sep 16, 2021 Common Stock 27K Direct F1, F3
* 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 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs.
F3 The RSUs vested as to one-third on March 16, 2021, and the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through March 16, 2023.