Form 4 for RBBN Ribbon Communications Inc.
Accepted 2022-08-18 00:00:00 ET · period of report 2022-08-16 · accession 0000950103-22-014172 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-08-18 | 2022-08-16 | RBBN | Swarth Investments Ltd. | 10% | P - Purchase | $3.05 | +1.64M | 27.44M | +6% | +$5.00M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-08-16 | P | A | 1,639,344 | $3.05 | 27,435,739 | D | — | — | (F1) On August 12, 2022, the Reporting Person and the Issuer entered into a Securities Purchase Agreement (the "Purchase Agreement") among the Reporting Person, the Issuer and the other parties listed on the signature pages thereto, pursuant to which the Issuer issued, in the aggregate, 17,071,311 shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") in a private placement transaction. Of the 17,071,311 shares of Common Stock issued under the Purchase Agreement, the Reporting Person acquired 1,639,344 shares of Common Stock. The transactions contemplated by the Purchase Agreement closed on August 16, 2022, at which time the Common Stock was issued to the Reporting Person and the other purchasers. |