Beatriz Infante - Jun 15, 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
Director
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Jun 15, 2023
Transactions value $
$0
Form type
4
Date filed
6/16/2023, 01:00 PM
Previous filing
Feb 7, 2023
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +38.6K +17.64% 257K Jun 15, 2023 Direct F1

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 (RSUs) Options Exercise $0 -38.6K -100% $0.00* 0 Jun 15, 2023 Common Stock 38.6K Direct F1, F2
transaction RBBN RSUs Award $0 +52K $0.00 52K Jun 15, 2023 Common Stock 52K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F2 The RSUs were awarded on June 15, 2022 and vested in full on June 15, 2023.
F3 The RSUs will vest on June 15, 2024, subject to the Reporting Person's continued service with the Issuer through such date; provided, however, that if the Issuer's 2024 Annual Meeting of Stockholders (the "2024 Annual Meeting") occurs prior to June 15, 2024, and, at such 2024 Annual Meeting, the Reporting Person either chooses not to stand for re-election to the Issuer's Board of Directors or, after standing for re-election, is not re-elected, then these RSUs will vest as of the date of the 2024 Annual Meeting.