Patrick Macken - 18 Apr 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, Chief Legal Officer
Signature
Patrick Macken
Issuer symbol
RBBN
Transactions as of
18 Apr 2022
Net transactions value
$0
Form type
4
Filing time
20 Apr 2022, 16:49:35 UTC
Previous filing
16 Mar 2022
Next filing
17 Jun 2022
SEC
View on sec.gov

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) Award $0 +128,205 $0.000000 128,205 18 Apr 2022 Common Stock 128,205 Direct F1, F2
* 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 The RSUs vest as to one-third on April 18, 2023, and the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through April 18, 2025.