Form 4 for RBBN Ribbon Communications Inc.
Accepted 2023-06-20 00:00:00 ET · period of report 2023-06-19 · accession 0001062993-23-013801 · 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 | 2023-06-20 | 2023-06-19 | RBBN | Macken Patrick W | EVP, CLO, Sec | F - Tax | $2.84 | -10.1K | 163.6K | -6% | -$28.6K |
| D | 2023-06-20 | 2023-06-19 | RBBN | Macken Patrick W | EVP, CLO, Sec | M - OptEx | $0.00 | +25.0K | 173.7K | +17% | $0 |
| D | 2023-06-20 | 2023-06-19 | RBBN | Macken Patrick W | EVP, CLO, Sec | M - OptEx | $0.00 | -25.0K | 0 | -100% | $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 | 2023-06-19 | F | D | 10,087 | $2.84 | 163,566 | 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 | 2023-06-19 | M | A | 25,000 | $0.00 | 173,653 | D | — | — | (F1) RSUs convert to Common Stock on a one-for-one basis. |
| 3 | Derivative | Restricted Stock Units (RSUs) | 2023-06-19 | M | D | 25,000 | $0.00 | 0 | D | — · — to — | 25,000 Common Stock | (F1) RSUs convert to 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 vested in four equal semi-annual installments thereafter through June 19, 2023. |