Steven M. Bruny - 18 Apr 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP Sales, Americas Region
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
18 Apr 2022
Net transactions value
$0
Form type
4
Filing time
20 Apr 2022, 16:44:17 UTC
Previous filing
17 Mar 2022
Next filing
17 Jun 2022
SEC
View on sec.gov

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) Award $0 +96,153 $0.000000 96,153 18 Apr 2022 Common Stock 96,153 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 vest as to one-third on April 18, 2023, and the remaining two-thirds of the RSUs vest in two equal semi-annual installments thereafter through April 18, 2024.