Anthony Scarfo - Dec 17, 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
Dec 17, 2021
Transactions value $
-$33,516
Form type
4
Date filed
12/21/2021, 03:32 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 +13.5K +9.11% 162K Dec 17, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$33.5K -5.61K -3.47% $5.97 156K Dec 17, 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 -13.5K -50% $0.00 13.5K Dec 17, 2021 Common Stock 13.5K 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 remaining RSUs vest on June 17, 2022.