Form 4 for RBBN Ribbon Communications Inc.
Accepted 2022-06-21 00:00:00 ET · period of report 2022-06-21 · accession 0001062993-22-015288 · 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 | 2022-06-21 | 2022-06-21 | RBBN | Macken Patrick W | EVP, CLO | M - OptEx | — | +25.0K | 76.1K | +49% | — |
| D | 2022-06-21 | 2022-06-21 | RBBN | Macken Patrick W | EVP, CLO | F - Tax | $2.77 | -10.2K | 65.9K | -13% | -$28.3K |
| D | 2022-06-21 | 2022-06-21 | RBBN | Macken Patrick W | EVP, CLO | M - OptEx | $0.00 | -25.0K | 50.0K | -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 | 2022-06-21 | M | A | 25,000 | — | 76,126 | D | — | — | (F1) RSUs convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2022-06-21 | F | D | 10,205 | $2.77 | 65,921 | D | — | — | (F2) 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) | 2022-06-21 | M | D | 25,000 | $0.00 | 50,000 | D | — · — to — | 25,000 Common Stock | (F1) RSUs convert into common stock on a one-for-one basis. (F3) The RSUs vested as to one-third on June 19, 2021, and the remaining two-thirds of the RSUs vest in four equal, semi-annual installments thereafter through June 19, 2023. |