Miguel Lopez - Mar 15, 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
Mar 15, 2022
Transactions value $
-$8,990
Form type
4
Date filed
3/16/2022, 09:58 AM
Previous filing
Jan 20, 2022
Next filing
Apr 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Purchase $8.91K +3K +3.49% $2.97 89K Mar 15, 2022 Direct F1
transaction RBBN Common Stock Options Exercise +17.9K +20.85% 104K Mar 15, 2022 Direct F2
transaction RBBN Common Stock Tax liability -$17.9K -6.37K -6.13% $2.81 97.5K Mar 15, 2022 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 -17.9K -33.33% $0.00 35.8K Mar 15, 2022 Common Stock 17.9K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.96 to $2.98, inclusive. The reporting person undertakes to provide to Ribbon, any security holder of Ribbon, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote.
F2 RSUs convert to common stock on a one-for-one basis.
F3 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F4 The RSUs vest over a three-year period as follows: one-third of the restricted stock units vested on March 15, 2022, and the remaining two-thirds of the RSUs shall vest in four equal, semi-annual installments thereafter through March 15, 2024.