Steven M. Bruny - 16 Sep 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP Sales, Americas Region
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
16 Sep 2021
Net transactions value
-$74,588
Form type
4
Filing time
17 Sep 2021, 16:09:23 UTC
Previous filing
21 Jun 2021
Next filing
21 Dec 2021
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 +27,006 +14% 223,735 16 Sep 2021 Direct F1
transaction RBBN Common Stock Tax liability $74,588 -11,877 -5.3% $6.28 211,858 16 Sep 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 -27,006 -25% $0.000000 81,018 16 Sep 2021 Common Stock 27,006 Direct F1, F2
* 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 The RSUs vested as to one-third on March 16, 2021, and the remaining RSUs vest in four equal semi-annual installments thereafter through March 16, 2023.