Steven M. Bruny - Sep 15, 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP Sales, Americas Region
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Sep 15, 2022
Transactions value $
-$38,623
Form type
4
Date filed
9/19/2022, 06:08 PM
Previous filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +6.97K +2.52% 283K Sep 15, 2022 Direct F1, F2
transaction RBBN Common Stock Tax liability -$6.61K -2.13K -0.75% $3.10 281K Sep 15, 2022 Direct F3
transaction RBBN Common Stock Options Exercise +27K +9.6% 308K Sep 16, 2022 Direct F1, F4
transaction RBBN Common Stock Tax liability -$32K -10.9K -3.52% $2.95 297K Sep 16, 2022 Direct F3

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 -6.97K -25% $0.00 20.9K Sep 15, 2022 Common Stock 6.97K Direct F1, F2
transaction RBBN Restricted Stock Unit (RSU) Options Exercise $0 -27K -50% $0.00 27K Sep 16, 2022 Common Stock 27K Direct F1, F2, F4
* 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 vested as to one-third on March 15, 2022 and the remaining two-thirds vest in four equal semi-annual installments thereafter through March 15, 2024.
F3 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F4 The RSUs vested as to one third on March 16, 2021, and the remaining two-thirds vest in four equal semi-annual installments thereafter through March 16, 2023.