Form 4 for RBBN Ribbon Communications Inc.
Accepted 2022-03-16 00:00:00 ET · period of report 2022-03-15 · accession 0001062993-22-007811 · 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 | Bucci Sam | EVP, GM IP Optical Networks | F - Tax | $2.81 | -15.3K | 166.4K | -8% | -$42.9K |
| DM | 2022-03-16 | 2022-03-15 | RBBN | Bucci Sam | EVP, GM IP Optical Networks | M - OptEx | — | +32.6K | 181.7K | +22% | — |
| DM | 2022-03-16 | 2022-03-15 | RBBN | Bucci Sam | EVP, GM IP Optical Networks | M - OptEx | $0.00 | -32.6K | 33.4K | -49% | $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 | 15,282 | $2.81 | 166,394 | D | — | — | (F2) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs. |
| 2 | Common | Common Stock | 2022-03-15 | M | A | 15,931 | — | 164,970 | D | — | — | (F3) The RSUs vested as to one third on March 15, 2022 and the remaining two-thirds will vest in four equal semi-annual installments thereafter through March 15, 2024. (F1) RSUs convert to Common Stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2022-03-15 | M | A | 16,706 | — | 181,676 | D | — | — | (F4) The RSUs originally vested as to one third on September 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. |
| 4 | 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 to Common Stock on a one-for-one basis. (F3) The RSUs vested as to one third on March 15, 2022 and the remaining two-thirds will vest in four equal semi-annual installments thereafter through March 15, 2024. |
| 5 | Derivative | Restricted Stock Unit (RSU) | 2022-03-15 | M | D | 16,706 | $0.00 | 33,411 | D | — · — to — | 16,706 Common Stock | (F1) RSUs convert to Common Stock on a one-for-one basis. (F4) The RSUs originally vested as to one third on September 15, 2021, and the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through September 15, 2023. |