Form 4 for RBBN Ribbon Communications Inc.
Accepted 2023-09-19 00:00:00 ET · period of report 2023-09-15 · accession 0001062993-23-018274 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-09-19 | 2023-09-15 | RBBN | Bucci Sam | EVP, COO | M - OptEx | $0.00 | +24.7K | 229.1K | +12% | $0 |
| D | 2023-09-19 | 2023-09-15 | RBBN | Bucci Sam | EVP, COO | F - Tax | $2.83 | -13.2K | 215.9K | -6% | -$37.4K |
| DM | 2023-09-19 | 2023-09-15 | RBBN | Bucci Sam | EVP, COO | M - OptEx | $0.00 | -24.7K | 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 | 2023-09-15 | M | A | 16,706 | $0.00 | 221,133 | D | — | — | (F1) These RSUs convert to Common Stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2023-09-15 | F | D | 13,205 | $2.83 | 215,892 | D | — | — | (F2) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs. |
| 3 | Common | Common Stock | 2023-09-15 | M | A | 7,964 | $0.00 | 229,097 | D | — | — | (F1) These RSUs convert to Common Stock on a one-for-one basis. |
| 4 | Derivative | RSUs | 2023-09-15 | M | D | 7,964 | $0.00 | 7,965 | D | — · — to — | 7,964 Common Stock | (F1) These RSUs convert to Common Stock on a one-for-one basis. (F4) The RSUs vested as to one-third on March 15, 2022 and the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through March 15, 2024. |
| 5 | Derivative | Restricted Stock Units (RSUs) | 2023-09-15 | M | D | 16,706 | $0.00 | 0 | D | — · — to — | 16,706 Common Stock | (F1) These RSUs convert to Common Stock on a one-for-one basis. (F3) The RSUs vested as to one-third on September 15, 2021 and the remaining two-thirds of the RSUs vested in four equal semi-annual installments thereafter through September 15, 2023. |