Form 4 for RBBN Ribbon Communications Inc.
Accepted 2022-03-16 00:00:00 ET · period of report 2022-03-15 · accession 0001062993-22-007809 · 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 | 2022-03-16 | 2022-03-15 | RBBN | LOPEZ MIGUEL A | EVP, CFO | F - Tax | $2.81 | -6,370 | 97.5K | -6% | -$17.9K |
| D | 2022-03-16 | 2022-03-15 | RBBN | LOPEZ MIGUEL A | EVP, CFO | P - Purchase | $2.97 | +3,000 | 89.0K | +3% | +$8,910 |
| D | 2022-03-16 | 2022-03-15 | RBBN | LOPEZ MIGUEL A | EVP, CFO | M - OptEx | — | +17.9K | 103.9K | +21% | — |
| D | 2022-03-16 | 2022-03-15 | RBBN | LOPEZ MIGUEL A | EVP, CFO | M - OptEx | $0.00 | -17.9K | 35.8K | -33% | $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 | 2022-03-15 | F | D | 6,370 | $2.81 | 97,527 | D | — | — | (F3) 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 | 2022-03-15 | P | A | 3,000 | $2.97 | 88,975 | D | — | — | (F1) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.96 to $2.98, inclusive. The reporting person undertakes to provide to Ribbon, any security holder of Ribbon, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote. |
| 3 | Common | Common Stock | 2022-03-15 | M | A | 17,922 | — | 103,897 | D | — | — | (F2) RSUs convert to common stock on a one-for-one basis. |
| 4 | Derivative | Restricted Stock Units (RSU) | 2022-03-15 | M | D | 17,922 | $0.00 | 35,842 | D | — · — to — | 17,922 Common Stock | (F4) The RSUs vest over a three-year period as follows: one-third of the restricted stock units vested on March 15, 2022, and the remaining two-thirds of the RSUs shall vest in four equal, semi-annual installments thereafter through March 15, 2024. (F2) RSUs convert to common stock on a one-for-one basis. |