Miguel A. Lopez - 15 Jul 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CFO
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
15 Jul 2022
Net transactions value
-$18,851
Form type
4
Filing time
19 Jul 2022, 16:53:03 UTC
Previous filing
17 Jun 2022
Next filing
19 Sep 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 +16,593 +17% 114,120 15 Jul 2022 Direct F1
transaction RBBN Common Stock Tax liability $18,851 -5,928 -5.2% $3.18 108,192 15 Jul 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 -16,593 -33% $0.000000 33,185 15 Jul 2022 Common Stock 16,593 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 vest over a three-year period as follows: one-third of the restricted stock units vested on July 15, 2021, and the remaining two-thirds of the RSUs vest in four equal, semi-annual installments thereafter through July 15, 2023.