Form 4 for RBBN Ribbon Communications Inc.
Accepted 2022-09-19 00:00:00 ET · period of report 2022-09-15 · accession 0001062993-22-019705 · 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 | 2022-09-19 | 2022-09-15 | RBBN | Macken Patrick W | EVP, CLO | F - Tax | $3.10 | -2,575 | 71.3K | -3% | -$7,982 |
| D | 2022-09-19 | 2022-09-15 | RBBN | Macken Patrick W | EVP, CLO | M - OptEx | — | +7,965 | 73.9K | +12% | — |
| D | 2022-09-19 | 2022-09-15 | RBBN | Macken Patrick W | EVP, CLO | M - OptEx | $0.00 | -7,965 | 23.9K | -25% | $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 | 2022-09-15 | F | D | 2,575 | $3.10 | 71,311 | D | — | — | (F3) 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 | 2022-09-15 | M | A | 7,965 | — | 73,886 | D | — | — | (F2) The RSUs vested as to one-third on March 15, 2022 and the remaining two-thirds vest in four equal semi-annual installments thereafter through March 15, 2024. (F1) RSUs convert into common stock on a one-for-one basis. |
| 3 | Derivative | Restricted Stock Units (RSU) | 2022-09-15 | M | D | 7,965 | $0.00 | 23,894 | D | — · — to — | 7,965 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 vest in four equal semi-annual installments thereafter through March 15, 2024. |