Steven M. Bruny - 15 Sep 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
15 Sep 2022
Net transactions value
-$38,623
Form type
4
Filing time
19 Sep 2022, 18:08:58 UTC
Previous filing
17 Jun 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 +6,969 +2.5% 283,337 15 Sep 2022 Direct F1, F2
transaction RBBN Common Stock Tax liability $6,612 -2,133 -0.75% $3.10 281,204 15 Sep 2022 Direct F3
transaction RBBN Common Stock Options Exercise +27,006 +9.6% 308,210 16 Sep 2022 Direct F1, F4
transaction RBBN Common Stock Tax liability $32,010 -10,851 -3.5% $2.95 297,359 16 Sep 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 -6,969 -25% $0.000000 20,908 15 Sep 2022 Common Stock 6,969 Direct F1, F2
transaction RBBN Restricted Stock Unit (RSU) Options Exercise $0 -27,006 -50% $0.000000 27,006 16 Sep 2022 Common Stock 27,006 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.