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

Role
EVP, CFO
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Sep 15, 2022
Transactions value $
-$9,018
Form type
4
Date filed
9/19/2022, 06:09 PM
Previous filing
Jul 19, 2022
Next filing
Jan 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +8.96K +8.28% 117K Sep 15, 2022 Direct F1, F2
transaction RBBN Common Stock Tax liability -$9.02K -2.91K -2.48% $3.10 114K Sep 15, 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 -8.96K -25% $0.00 26.9K Sep 15, 2022 Common Stock 8.96K 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 to 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.