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

Role
EVP EMEAS and APAC Sales
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
18 Jan 2022
Net transactions value
-$202,809
Form type
4
Filing time
20 Jan 2022, 15:31:11 UTC
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 +73,638 73,638 18 Jan 2022 Direct F1
transaction RBBN Common Stock Tax liability $202,809 -34,609 -47% $5.86 39,029 18 Jan 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 -73,638 -100% $0.000000* 0 18 Jan 2022 Common Stock 73,638 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.