Eric S. Marmurek - Sep 15, 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
SVP, Finance & CAO
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Sep 15, 2022
Transactions value $
-$14,189
Form type
4
Date filed
9/19/2022, 06:12 PM
Previous filing
Jun 17, 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 +4.12K +3.57% 120K Sep 15, 2022 Direct F1, F3
transaction RBBN Common Stock Tax liability -$3.11K -1K -0.84% $3.10 119K Sep 15, 2022 Direct F2
transaction RBBN Common Stock Options Exercise +15.4K +13.02% 134K Sep 16, 2022 Direct F3, F4
transaction RBBN Common Stock Tax liability -$11.1K -3.76K -2.81% $2.95 130K Sep 16, 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 -4.12K -25% 12.3K Sep 15, 2022 Common Stock 4.12K Direct F1, F3
transaction RBBN Restricted Stock Units (RSU) Options Exercise -15.4K -50% 15.4K Sep 16, 2022 Common Stock 15.4K Direct F1, F4
* 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 the RSUs.
F3 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.
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.