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

Role
SVP, Finance & CAO
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
15 Sep 2022
Net transactions value
-$14,189
Form type
4
Filing time
19 Sep 2022, 18:12:28 UTC
Previous filing
17 Jun 2022
Next filing
19 Jan 2023
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 +4,117 +3.6% 119,502 15 Sep 2022 Direct F1, F3
transaction RBBN Common Stock Tax liability $3,106 -1,002 -0.84% $3.10 118,500 15 Sep 2022 Direct F2
transaction RBBN Common Stock Options Exercise +15,432 +13% 133,932 16 Sep 2022 Direct F3, F4
transaction RBBN Common Stock Tax liability $11,083 -3,757 -2.8% $2.95 130,175 16 Sep 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 -4,117 -25% 12,349 15 Sep 2022 Common Stock 4,117 Direct F1, F3
transaction RBBN Restricted Stock Units (RSU) Options Exercise -15,432 -50% 15,432 16 Sep 2022 Common Stock 15,432 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.