Stephen J. McCaffery - Jan 18, 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP EMEAS and APAC Sales
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Jan 18, 2022
Transactions value $
-$202,809
Form type
4
Date filed
1/20/2022, 03:31 PM
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 +73.6K 73.6K Jan 18, 2022 Direct F1
transaction RBBN Common Stock Tax liability -$203K -34.6K -47% $5.86 39K Jan 18, 2022 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 -73.6K -100% $0.00* 0 Jan 18, 2022 Common Stock 73.6K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of the Issuers common stock. 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 RSU vested in full on January 15, 2022.