Patrick Macken - Dec 19, 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, Chief Legal Officer
Signature
Patrick Macken
Stock symbol
RBBN
Transactions as of
Dec 19, 2021
Transactions value $
-$67,290
Form type
4
Date filed
12/21/2021, 03:33 PM
Previous filing
Jun 21, 2021
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +25K +89.84% 52.8K Dec 19, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$67.3K -10.7K -20.32% $6.27 42.1K Dec 19, 2021 Direct F3

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 -25K -25% $0.00 75K Dec 19, 2021 Common Stock 25K 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 June 19, 2020 and the remaining two-thirds of the RSUs vested in four equal semi-annual installments thereafter through June 19, 2023.
F3 Reflects share of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.