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

Role
EVP, Chief Legal Officer
Signature
Patrick Macken
Stock symbol
RBBN
Transactions as of
Dec 19, 2022
Transactions value $
-$28,737
Form type
4
Date filed
12/19/2022, 03:39 PM
Previous filing
Sep 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 +25K +35.06% 96.3K Dec 19, 2022 Direct F1
transaction RBBN Common Stock Tax liability -$28.7K -10.3K -10.73% $2.78 86K Dec 19, 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 -25K -50% $0.00 25K Dec 19, 2022 Common Stock 25K 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.