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

Role
SVP, Finance & CAO
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Oct 15, 2021
Transactions value $
-$9,360
Form type
4
Date filed
10/19/2021, 04:35 PM
Previous filing
Sep 17, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +6.06K +8.28% 79.2K Oct 15, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$9.36K -1.47K -1.86% $6.35 77.8K Oct 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 -6.06K -50% $0.00 6.06K Oct 15, 2021 Common Stock 6.06K 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.