Form 4 for RBBN Ribbon Communications Inc.
Accepted 2023-07-18 00:00:00 ET · period of report 2023-07-15 · accession 0001062993-23-014970 · 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 | 2023-07-18 | 2023-07-15 | RBBN | LOPEZ MIGUEL A | EVP, CFO | M - OptEx | — | +16.6K | 224.7K | +8% | — |
| D | 2023-07-18 | 2023-07-15 | RBBN | LOPEZ MIGUEL A | EVP, CFO | F - Tax | $2.89 | -5,832 | 218.9K | -3% | -$16.9K |
| D | 2023-07-18 | 2023-07-15 | RBBN | LOPEZ MIGUEL A | EVP, CFO | M - OptEx | $0.00 | -16.6K | 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 | 2023-07-15 | M | A | 16,593 | — | 224,702 | D | — | — | (F1) RSUs convert to common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2023-07-15 | F | D | 5,832 | $2.89 | 218,870 | D | — | — | (F2) Reflects shares 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) | 2023-07-15 | M | D | 16,593 | $0.00 | 0 | D | — · — to — | 16,593 Common Stock | (F1) RSUs convert to common stock on a one-for-one basis. (F3) The RSUs vest over a three-year period as follows: one-third of the restricted stock units vested on July 15, 2021, and the remaining two-thirds of the RSUs vest in four equal, semi-annual installments thereafter through July 15, 2023. |