Sam Bucci - 15 Sep 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP & COO
Signature
Patrick Macken, By POA for Sam Bucci, EVP & COO
Issuer symbol
RBBN
Transactions as of
15 Sep 2023
Net transactions value
-$37,370
Form type
4
Filing time
19 Sep 2023, 17:01:36 UTC
Previous filing
19 Apr 2023
Next filing
23 Oct 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 +16,706 +8.2% $0.000000 221,133 15 Sep 2023 Direct F1
transaction RBBN Common Stock Options Exercise $0 +7,964 +3.6% $0.000000 229,097 15 Sep 2023 Direct F1
transaction RBBN Common Stock Tax liability $37,370 -13,205 -5.8% $2.83 215,892 15 Sep 2023 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 (RSUs) Options Exercise $0 -16,706 -100% $0.000000* 0 15 Sep 2023 Common Stock 16,706 Direct F1, F3
transaction RBBN RSUs Options Exercise $0 -7,964 -50% $0.000000 7,965 15 Sep 2023 Common Stock 7,964 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These RSUs convert to Common Stock on a one-for-one basis.
F2 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs.
F3 The RSUs vested as to one-third on September 15, 2021 and the remaining two-thirds of the RSUs vested in four equal semi-annual installments thereafter through September 15, 2023.
F4 The RSUs vested as to one-third on March 15, 2022 and the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through March 15, 2024.