Miguel A. Lopez - 17 Jan 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CFO
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
17 Jan 2023
Net transactions value
-$20,704
Form type
4
Filing time
19 Jan 2023, 16:33:35 UTC
Previous filing
19 Sep 2022
Next filing
17 Mar 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 $0 +16,592 +14% $0.000000 133,836 17 Jan 2023 Direct F1, F3, F4
transaction RBBN Common Stock Tax liability $20,704 -6,744 -5% $3.07 127,092 17 Jan 2023 Direct F2, F4

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 -16,592 -50% $0.000000 16,593 17 Jan 2023 Common Stock 16,592 Direct F1, F3
transaction RBBN Restricted Stock Units (RSU) Award $0 +49,180 $0.000000 49,180 17 Jan 2023 Common Stock 49,180 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units (RSUs) vested as to one-third on July 15, 2021 and the remaining two-thirds vest in four equal semi-annual installments thereafter through July 15, 2023.
F2 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3 RSUs convert to common stock on a one-for-one basis.
F4 Total corrects prior typographical error regarding total shares of common stock held by the Reporting Person.
F5 The RSUs vest in full on January 18, 2024.