Steven M. Bruny - 15 Sep 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
19 Sep 2022, 18:08:58 UTC
Prior SEC filing
17 Jun 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Patrick Macken, Attorney-in-Fact

Key filing fact

Steven M. Bruny filed Form 4 for Ribbon Communications Inc. (RBBN) on 19 Sep 2022.

Key facts

  • This page summarizes Steven M. Bruny's Form 4 filing for Ribbon Communications Inc. (RBBN).
  • 6 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 19 Sep 2022, 18:08.

Change

  • Previous filing in this sequence was filed on 17 Jun 2022.
  • Current net transaction value: -$38,623.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RBBN transaction

Common Stock

Options Exercise

Transaction value
Shares
+6,969
Change %
+2.5%
Price
Shares after
283,337
Date
15 Sep 2022
Ownership
Direct
Footnotes
F1, F2
RBBN transaction

Common Stock

Tax liability

Transaction value
$6,612
Shares
-2,133
Change %
-0.75%
Price
$3.10
Shares after
281,204
Date
15 Sep 2022
Ownership
Direct
Footnotes
F3
RBBN transaction

Common Stock

Options Exercise

Transaction value
Shares
+27,006
Change %
+9.6%
Price
Shares after
308,210
Date
16 Sep 2022
Ownership
Direct
Footnotes
F1, F4
RBBN transaction

Common Stock

Tax liability

Transaction value
$32,010
Shares
-10,851
Change %
-3.5%
Price
$2.95
Shares after
297,359
Date
16 Sep 2022
Ownership
Direct
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RBBN transaction Derivative

Restricted Stock Units (RSU)

Options Exercise

Transaction value
$0
Shares
-6,969
Change %
-25%
Price
$0.000000
Shares after
20,908
Date
15 Sep 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,969
Exercise price
Footnotes
F1, F2
RBBN transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-27,006
Change %
-50%
Price
$0.000000
Shares after
27,006
Date
16 Sep 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
27,006
Exercise price
Footnotes
F1, F2, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

RSUs convert into common stock on a one-for one basis.

Footnote F2

The RSUs vested as to one-third on March 15, 2022 and the remaining two-thirds vest in four equal semi-annual installments thereafter through March 15, 2024.

Footnote F3

Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.

Footnote F4

The RSUs vested as to one third on March 16, 2021, and the remaining two-thirds vest in four equal semi-annual installments thereafter through March 16, 2023.

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