Eric S. Marmurek - 15 Oct 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
SVP, Finance & CAO
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
15 Oct 2021
Net transactions value
-$9,360
Form type
4
Filing time
19 Oct 2021, 16:35:43 UTC
Previous filing
17 Sep 2021
Next filing
17 Mar 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 +6,056 +8.3% 79,231 15 Oct 2021 Direct F1
transaction RBBN Common Stock Tax liability $9,360 -1,474 -1.9% $6.35 77,757 15 Oct 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 -6,056 -50% $0.000000 6,056 15 Oct 2021 Common Stock 6,056 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 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 3-year period as follows: 1/3 vest on 4/15/2020, and the remaining 2/3 vest in 4 equal increments semi-annually thereafter through 4/15/2022.