Form 4 for RBBN Ribbon Communications Inc.
Accepted 2021-07-16 00:00:00 ET · period of report 2021-07-15 · accession 0001062993-21-006589 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-07-16 | 2021-07-15 | RBBN | LOPEZ MIGUEL A | EVP, CFO | F - Tax | $7.38 | -33.8K | 76.7K | -31% | -$249.1K |
| DM | 2021-07-16 | 2021-07-15 | RBBN | LOPEZ MIGUEL A | EVP, CFO | M - OptEx | — | +86.9K | 56.7K | New | — |
| DM | 2021-07-16 | 2021-07-15 | RBBN | LOPEZ MIGUEL A | EVP, CFO | M - OptEx | $0.00 | +86.9K | 0 | New | $0 |
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 | 2021-07-15 | F | D | 33,750 | $7.38 | 76,667 | D | — | — | (F2) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs. |
| 2 | Common | Common Stock | 2021-07-15 | M | A | 53,730 | — | 110,417 | D | — | — | (F1) RSUs convert to common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2021-07-15 | M | A | 33,187 | — | 56,687 | D | — | — | (F1) RSUs convert to common stock on a one-for-one basis. |
| 4 | Derivative | Restricted Stock Units (RSU) | 2021-07-15 | M | A | 33,187 | $0.00 | 66,371 | D | — · — to — | 33,187 Common Stock | (F1) RSUs convert to common stock on a one-for-one basis. (F3) The RSUs vest over a three-year period as follows: one-third of the restricted stock units vested on July 15, 2021, and the remaining two-thirds of the RSUs shall vest in four equal, semi-annual installments thereafter through July 15, 2023. |
| 5 | Derivative | Restricted Stock Unit | 2021-07-15 | M | A | 53,730 | $0.00 | 0 | D | — · — to — | 53,730 Common Stock | (F1) RSUs convert to common stock on a one-for-one basis. (F4) The RSU vested in full on July 15, 2021. |