Stephen J. McCaffery - Mar 15, 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, Sales EMEA and APAC
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Mar 15, 2022
Transactions value $
-$18,408
Form type
4
Date filed
3/16/2022, 09:59 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 Options Exercise +13.9K +35.72% 53K Mar 15, 2022 Direct F1
transaction RBBN Common Stock Tax liability -$18.4K -6.55K -12.37% $2.81 46.4K Mar 15, 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 -13.9K -33.34% $0.00 27.9K Mar 15, 2022 Common Stock 13.9K 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 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.