Stephen J. McCaffery - Sep 15, 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, Sales EMEA and APAC
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Sep 15, 2022
Transactions value $
-$10,422
Form type
4
Date filed
9/19/2022, 06:10 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 +15.01% 53.4K Sep 15, 2022 Direct F1, F2
transaction RBBN Common Stock Tax liability -$10.4K -3.36K -6.3% $3.10 50K 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 -6.97K -25% $0.00 20.9K Sep 15, 2022 Common Stock 6.97K 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.