Sam Bucci - Sep 15, 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP & GM IP Optical Networks
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Sep 15, 2022
Transactions value $
-$40,936
Form type
4
Date filed
9/19/2022, 06:09 PM
Previous filing
Jun 17, 2022
Next filing
Jan 19, 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 +16.7K +13.22% 143K Sep 15, 2022 Direct F1, F2
transaction RBBN Common Stock Options Exercise +7.97K +5.57% 151K Sep 15, 2022 Direct F1, F3
transaction RBBN Common Stock Tax liability -$40.9K -13.2K -8.74% $3.10 138K Sep 15, 2022 Direct 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 -16.7K -33.33% $0.00 33.4K Sep 15, 2022 Common Stock 16.7K Direct F1, F2
transaction RBBN Restricted Stock Unit (RSU) Options Exercise $0 -7.97K -25% $0.00 23.9K Sep 15, 2022 Common Stock 7.97K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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