Eric S. Marmurek - Sep 16, 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
SVP, Finance & CAO
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Sep 16, 2021
Transactions value $
-$23,594
Form type
4
Date filed
9/17/2021, 04:08 PM
Next filing
Oct 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +15.4K +25.09% 76.9K Sep 16, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$23.6K -3.76K -4.88% $6.28 73.2K Sep 16, 2021 Direct F2

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 -15.4K -25% $0.00 46.3K Sep 16, 2021 Common Stock 15.4K 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 Reflects shares of Common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3 The RSU vested as to one third on 3/16/2021, and the remaining two thirds of the RSUs vest in four equal semi-annual installments thereafter through March 16, 2023.