Patrick Macken - Mar 15, 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, Chief Legal Officer
Signature
Patrick Macken
Stock symbol
RBBN
Transactions as of
Mar 15, 2022
Transactions value $
-$19,386
Form type
4
Date filed
3/16/2022, 09:58 AM
Previous filing
Dec 21, 2021
Next filing
Apr 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +15.9K +37.85% 58K Mar 15, 2022 Direct F1
transaction RBBN Common Stock Tax liability -$19.4K -6.9K -11.89% $2.81 51.1K 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 -15.9K -33.34% $0.00 31.9K Mar 15, 2022 Common Stock 15.9K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert into common stock on a one-for-one basis.
F2 The RSUs vested as to one-third on March 15, 2022 and the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through March 15, 2024.
F3 Reflects share of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.