Steven M. Bruny - Sep 16, 2021 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP Sales, Americas Region
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Sep 16, 2021
Transactions value $
-$74,588
Form type
4
Date filed
9/17/2021, 04:09 PM
Previous filing
Jun 21, 2021
Next filing
Dec 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +27K +13.73% 224K Sep 16, 2021 Direct F1
transaction RBBN Common Stock Tax liability -$74.6K -11.9K -5.31% $6.28 212K 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 -27K -25% $0.00 81K Sep 16, 2021 Common Stock 27K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert into common stock on a one-for one basis.
F2 The RSUs vested as to one-third on March 16, 2021, and the remaining RSUs vest in four equal semi-annual installments thereafter through March 16, 2023.