Mariano de Beer - 15 Jun 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role: Director
Signature: Patrick Macken, Attorney-in-Fact
Issuer symbol: RBBN
Transactions as of: 15 Jun 2022
Net transactions value: -$11,763
Form type: 4
Filing time: 17 Jun 2022, 17:35:28 UTC
Previous filing: 23 Jun 2021
Next filing: 16 Jun 2023
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		+14,797	+78%		33,760	15 Jun 2022	Direct	F1
transaction	RBBN	Common Stock	Tax liability	$11,763	-4,439	-13%	$2.65	29,321	15 Jun 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	-14,797	-100%	$0.000000^*	0	15 Jun 2022	Common Stock	14,797		Direct	F1, F3
transaction	RBBN	RSU	Award	$0	+38,585		$0.000000	38,585	15 Jun 2022	Common Stock	38,585		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one share of Ribbon Communications, Inc. common stock.
F2	Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3	The RSU was awarded on June 15, 2021 and vested in full on June 15, 2022.
F4	The RSUs will vest on June 15, 2023, subject to the Reporting Person's continued service with the Issuer through such date; provided, however, that if the Issuer's 2023 Annual Meeting of Stockholders (the "2023 Annual Meeting") occurs prior to June 15, 2023, and, at such 2023 Annual Meeting, the Reporting Person either chooses not to stand for re-election to the Issuer's Board of Directors or, after standing for re-election, is not re-elected, then these RSUs will vest as of the date of the 2023 Annual Meeting.