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

Role
EVP, Sales EMEA and APAC
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
15 Mar 2022
Net transactions value
-$18,408
Form type
4
Filing time
16 Mar 2022, 09:59:12 UTC
Previous filing
20 Jan 2022
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 +13,940 +36% 52,969 15 Mar 2022 Direct F1
transaction RBBN Common Stock Tax liability $18,408 -6,551 -12% $2.81 46,418 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 -13,940 -33% $0.000000 27,877 15 Mar 2022 Common Stock 13,940 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.