Bruce McClelland - Apr 17, 2024 Form 4/A - Amendment Insider Report for Ribbon Communications Inc. (RBBN)

Role
President & CEO, Director
Signature
Patrick Macken, By POA from Bruce McClelland, CEO & President
Stock symbol
RBBN
Transactions as of
Apr 17, 2024
Transactions value $
-$112,501
Form type
4/A - Amendment
Date filed
3/18/2025, 06:15 PM
Date Of Original Report
Apr 19, 2024
Previous filing
Mar 4, 2024
Next filing
May 17, 2024
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 +112K +9.06% 1.34M Apr 17, 2024 Direct F1, F2
transaction RBBN Common Stock Tax liability -$113K -43.1K -3.21% $2.61 1.3M Apr 17, 2024 Direct F2, F3

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 Performance Share Units (PSUs) Options Exercise $0 -112K -100% $0.00 0 Apr 17, 2024 Common Stock 112K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Share Unit (PSU) converts into common stock on a one-for-one basis.
F2 Original Form 4 filing overstated the number of shares issued upon vesting of this PSU award by 9,292 shares. This amendment has been filed to correct the vesting amount and the amount shown in Column 5 reflects total shares owned after correcting this transaction.
F3 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting.
F4 The PSUs were issued on April 17, 2023. The number of PSUs earned and vested was based on achievement of a revenue goal set (prior to grant) by the Compensation Committee of the Issuer's Board of Directors for the fiscal year ended December 31, 2023. The remaining PSUs were forfeited.