Form 4 for RBBN Ribbon Communications Inc.
Accepted 2021-09-17 00:00:00 ET · period of report 2021-09-15 · accession 0001062993-21-008733 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-09-17 | 2021-09-15 | RBBN | Bucci Sam | EVP, GM IP Optical Networks | M - OptEx | — | +163.1K | 187.7K | +665% | — |
| DM | 2021-09-17 | 2021-09-15 | RBBN | Bucci Sam | EVP, GM IP Optical Networks | F - Tax | $6.26 | -72.0K | 149.0K | -33% | -$451.0K |
| DM | 2021-09-17 | 2021-09-15 | RBBN | Bucci Sam | EVP, GM IP Optical Networks | M - OptEx | $0.00 | -163.1K | 0 | -100% | $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 | 2021-09-15 | M | A | 33,413 | — | 163,784 | D | — | — | (F1) RSUs convert to Common Stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2021-09-15 | F | D | 57,283 | $6.26 | 130,381 | D | — | — | (F2) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs. |
| 3 | Common | Common Stock | 2021-09-15 | M | A | 129,717 | — | 187,664 | D | — | — | (F1) RSUs convert to Common Stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2021-09-15 | F | D | 14,755 | $6.26 | 149,039 | D | — | — | (F2) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs. |
| 5 | Derivative | Restricted Stock Unit | 2021-09-15 | M | D | 33,413 | $0.00 | 66,823 | D | — · — to — | 33,413 Common Stock | (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. (F1) RSUs convert to Common Stock on a one-for-one basis. |
| 6 | Derivative | Restricted Stock Units (RSU) | 2021-09-15 | M | D | 129,717 | $0.00 | 0 | D | — · — to — | 129,717 Common Stock | (F1) RSUs convert to Common Stock on a one-for-one basis. (F3) The RSU vested in full on 9/15/2021. |