Sam Bucci - Sep 15, 2021 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, 2021
Transactions value $
-$450,958
Form type
4
Date filed
9/17/2021, 04:08 PM
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +130K +223.85% 188K Sep 15, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$359K -57.3K -30.52% $6.26 130K Sep 15, 2021 Direct F2
transaction RBBN Common Stock Options Exercise +33.4K +25.63% 164K Sep 15, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$92.4K -14.8K -9.01% $6.26 149K Sep 15, 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 -130K -100% $0.00* 0 Sep 15, 2021 Common Stock 130K Direct F1, F3
transaction RBBN Restricted Stock Unit Options Exercise $0 -33.4K -33.33% $0.00 66.8K Sep 15, 2021 Common Stock 33.4K Direct F1, F4
* 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 the RSUs.
F3 The RSU vested in full on 9/15/2021.
F4 The RSUs vested as to one/third on 9/15/2021, and the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through September 15, 2023.