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

Role
EVP, Chief Legal Officer
Signature
Patrick Macken
Issuer symbol
RBBN
Transactions as of
19 Dec 2021
Net transactions value
-$67,290
Form type
4
Filing time
21 Dec 2021, 15:33:38 UTC
Previous filing
21 Jun 2021
Next filing
16 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 +25,000 +90% 52,826 19 Dec 2021 Direct F1
transaction RBBN Common Stock Tax liability $67,290 -10,732 -20% $6.27 42,094 19 Dec 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 -25,000 -25% $0.000000 75,000 19 Dec 2021 Common Stock 25,000 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.