Form 4 for RBBN Ribbon Communications Inc.
Accepted 2021-12-21 00:00:00 ET · period of report 2021-12-19 · accession 0001062993-21-013323 · 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 | 2021-12-21 | 2021-12-19 | RBBN | Macken Patrick W | EVP, CLO | M - OptEx | — | +25.0K | 52.8K | +90% | — |
| D | 2021-12-21 | 2021-12-19 | RBBN | Macken Patrick W | EVP, CLO | F - Tax | $6.27 | -10.7K | 42.1K | -20% | -$67.3K |
| D | 2021-12-21 | 2021-12-19 | RBBN | Macken Patrick W | EVP, CLO | M - OptEx | $0.00 | -25.0K | 75.0K | -25% | $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 | 2021-12-19 | M | A | 25,000 | — | 52,826 | D | — | — | (F1) RSUs convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2021-12-19 | F | D | 10,732 | $6.27 | 42,094 | D | — | — | (F3) Reflects share of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs. |
| 3 | Derivative | Restricted Stock Units (RSU) | 2021-12-19 | M | D | 25,000 | $0.00 | 75,000 | D | — · — to — | 25,000 Common Stock | (F1) RSUs convert into common stock on a one-for-one basis. (F2) The RSUs vested as to one-third on June 19, 2020 and the remaining two-thirds of the RSUs vested in four equal semi-annual installments thereafter through June 19, 2023. |