Form 4 for RBBN Ribbon Communications Inc.
Accepted 2022-03-16 00:00:00 ET · period of report 2022-03-15 · accession 0001062993-22-007810 · 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 | Macken Patrick W | EVP, CLO | M - OptEx | — | +15.9K | 58.0K | +38% | — |
| D | 2022-03-16 | 2022-03-15 | RBBN | Macken Patrick W | EVP, CLO | F - Tax | $2.81 | -6,899 | 51.1K | -12% | -$19.4K |
| D | 2022-03-16 | 2022-03-15 | RBBN | Macken Patrick W | EVP, CLO | M - OptEx | $0.00 | -15.9K | 31.9K | -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 | M | A | 15,931 | — | 58,025 | D | — | — | (F1) RSUs convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2022-03-15 | F | D | 6,899 | $2.81 | 51,126 | 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) | 2022-03-15 | M | D | 15,931 | $0.00 | 31,859 | D | — · — to — | 15,931 Common Stock | (F1) RSUs convert into common stock on a one-for-one basis. (F2) The RSUs vested as to one-third on March 15, 2022 and the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through March 15, 2024. |