Anthony Scarfo - 17 Dec 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP & GM, Cloud & Edge BU
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
17 Dec 2021
Net transactions value
-$33,516
Form type
4
Filing time
21 Dec 2021, 15:32:34 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 +13,528 +9.1% 161,953 17 Dec 2021 Direct F1
transaction RBBN Common Stock Tax liability $33,516 -5,614 -3.5% $5.97 156,339 17 Dec 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 -13,528 -50% $0.000000 13,528 17 Dec 2021 Common Stock 13,528 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.