Sam Bucci - 15 Mar 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP & GM IP Optical Networks
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
15 Mar 2022
Net transactions value
-$42,942
Form type
4
Filing time
16 Mar 2022, 09:58:52 UTC
Previous filing
17 Sep 2021
Next filing
20 Apr 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 +15,931 +11% 164,970 15 Mar 2022 Direct F1, F3
transaction RBBN Common Stock Options Exercise +16,706 +10% 181,676 15 Mar 2022 Direct F1, F4
transaction RBBN Common Stock Tax liability $42,942 -15,282 -8.4% $2.81 166,394 15 Mar 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 -15,931 -33% $0.000000 31,859 15 Mar 2022 Common Stock 15,931 Direct F1, F3
transaction RBBN Restricted Stock Unit (RSU) Options Exercise $0 -16,706 -33% $0.000000 33,411 15 Mar 2022 Common Stock 16,706 Direct F1, F4
* 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 the RSUs.
F3 The RSUs vested as to one third on March 15, 2022 and the remaining two-thirds will vest in four equal semi-annual installments thereafter through March 15, 2024.
F4 The RSUs originally vested as to one third on September 15, 2021, and the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through September 15, 2023.