InsiderTrades

Form 4 for RBBN Ribbon Communications Inc.

Accepted 2022-06-17 00:00:00 ET · period of report 2022-06-15 · accession 0001062993-22-015194 · 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 2022-06-17 2022-06-17 RBBN Bruny Steven M EVP Sales, Americas Region F - Tax $2.76 -4,952 276.4K -2% -$13.7K
D 2022-06-17 2022-06-17 RBBN Bruny Steven M EVP Sales, Americas Region M - OptEx — +13.5K 281.3K +5% —
D 2022-06-17 2022-06-17 RBBN Bruny Steven M EVP Sales, Americas Region M - OptEx $0.00 -13.5K 0 -100% $0
DM 2022-06-17 2022-06-15 RBBN Bruny Steven M EVP Sales, Americas Region A - Grant $0.00 +210.2K 97.7K New $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2022-06-17 F D 4,952 $2.76 276,368 D — — (F2) 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 2022-06-17 M A 13,528 — 281,320 D — — (F1) The RSUs convert into common stock on a one-for-one basis.
3 Derivative RSUs 2022-06-17 M D 13,528 $0.00 0 D — · — to — 13,528 Common Stock (F1) The RSUs convert into common stock on a one-for-one basis. (F6) The RSUs vested over three years following the date of grant and are now fully vested.
4 Derivative PSU 2022-06-15 A A 45,016 $0.00 45,016 D — · — to — 45,016 Common Stock (F4) Each PSU represents a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of a peer index of companies (set by the Compensation Committee at the time of grant) over the three fiscal years ending prior to the vesting date. The aggregate number of shares issued may range from zero shares to 200% of the target number of shares reported in columns 5, 7 and 9 of Table II. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance. This PSU will vest on 03/15/2025.
5 Derivative Performance-Based Restricted Stock Unit (PSU) 2022-06-15 A A 67,524 $0.00 67,524 D — · — to — 67,524 Common Stock (F3) Each PSU represents a contingent right to receive one share of the Issuer's Common Stock. The number of PSUs earned and issuable upon vesting will be determined based on goals (set by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee") on an annual basis) for each of the three fiscal years prior to the vesting date. The aggregate number of shares issued may range from zero shares to 200% of the target number of shares reported in columns 5, 7 and 9 of Table II. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance. This PSU will vest on 03/15/2025.
6 Derivative PSU 2022-06-15 A A 97,668 $0.00 97,668 D — · — to — 97,668 Common Stock (F5) Each PSU represents a contingent right to receive one share of the Issuer's Common Stock. The number of PSUs earned and issuable upon vesting will be determined based on achievement of a revenue goal set (prior to grant) by the Compensation Committee for the fiscal year ending December 31, 2022. The aggregate number of shares issued may range from zero shares to 200% of the target number of shares reported in columns 5, 7 and 9 of Table II. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance. This PSU will vest on 03/15/2023.