Sam Bucci - 17 Apr 2024 Form 4/A - Amendment 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
17 Apr 2024
Net transactions value
-$33,170
Form type
4/A - Amendment
Filing time
18 Mar 2025, 18:16:23 UTC
Date Of Original Report
19 Apr 2024
Previous filing
18 Mar 2024
Next filing
17 May 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 +23,743 +7.4% 346,296 17 Apr 2024 Direct F1, F2
transaction RBBN Common Stock Tax liability $33,170 -12,709 -3.7% $2.61 333,587 17 Apr 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 -23,743 -100% $0.000000 0 17 Apr 2024 Common Stock 23,743 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 1,978 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.