Miguel A. Lopez - 18 Jan 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CFO
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
18 Jan 2022
Net transactions value
-$41,577
Form type
4
Filing time
20 Jan 2022, 15:31:46 UTC
Previous filing
16 Jul 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 +16,593 +22% 93,070 18 Jan 2022 Direct F1
transaction RBBN Common Stock Tax liability $41,577 -7,095 -7.6% $5.86 85,975 18 Jan 2022 Direct F2, F4

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 -16,593 -25% $0.000000 49,778 18 Jan 2022 Common Stock 16,593 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 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 RSUs vest over a three-year period as follows: one-third of the restricted stock units vested on July 15, 2021, and the remaining two-thirds of the RSUs shall vest in four equal, semi-annual installments thereafter through July 15, 2023.
F4 Reflects correction of typographical error in number of shares forfeited included on Form 4 filed on July 16, 2021. Correct number was 33,940 shares.