Patrick W. Macken - 19 Dec 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, Chief Legal Officer
Signature
Patrick Macken
Issuer symbol
RBBN
Transactions as of
19 Dec 2022
Net transactions value
-$28,737
Form type
4
Filing time
19 Dec 2022, 15:39:13 UTC
Previous filing
19 Sep 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 +24,999 +35% 96,310 19 Dec 2022 Direct F1
transaction RBBN Common Stock Tax liability $28,737 -10,337 -11% $2.78 85,973 19 Dec 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 $0 -24,999 -50% $0.000000 25,000 19 Dec 2022 Common Stock 24,999 Direct F1, F3
* 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 Reflects share of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3 The RSUs vested as to one-third on June 19, 2021, and the remaining two-thirds of the RSUs vest in four equal, semi-annual installments thereafter through June 19, 2023.