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

Role
EVP, CFO
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Jan 18, 2022
Transactions value $
-$41,577
Form type
4
Date filed
1/20/2022, 03:31 PM
Previous filing
Jul 16, 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 +16.6K +21.7% 93.1K Jan 18, 2022 Direct F1
transaction RBBN Common Stock Tax liability -$41.6K -7.1K -7.62% $5.86 86K Jan 18, 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 -16.6K -25% $0.00 49.8K Jan 18, 2022 Common Stock 16.6K 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.