Form 4 for RBBN Ribbon Communications Inc.
Accepted 2023-12-18 00:00:00 ET · period of report 2023-12-15 · accession 0001062993-23-022760 · 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 | 2023-12-18 | 2023-12-15 | RBBN | Redington Dan | EVP, Gbl Sales | M - OptEx | $0.00 | +175.6K | 175.6K | New | $0 |
| D | 2023-12-18 | 2023-12-15 | RBBN | Redington Dan | EVP, Gbl Sales | F - Tax | $2.60 | -42.8K | 132.8K | -24% | -$111.2K |
| DM | 2023-12-18 | 2023-12-15 | RBBN | Redington Dan | EVP, Gbl Sales | M - OptEx | $0.00 | -175.6K | 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 | 2023-12-15 | M | A | 133,928 | $0.00 | 133,928 | D | — | — | (F1) The RSUs convert to common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2023-12-15 | F | D | 42,757 | $2.60 | 132,839 | 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 | 2023-12-15 | M | A | 41,668 | $0.00 | 175,596 | D | — | — | (F1) The RSUs convert to common stock on a one-for-one basis. |
| 4 | Derivative | RSUs | 2023-12-15 | M | D | 41,668 | $0.00 | 83,332 | D | — · — to — | 41,668 Common Stock | (F1) The RSUs convert to common stock on a one-for-one basis. (F4) The RSUs vested as to one-third on the first anniversary of the date of grant, and the remaining two-thirds will vest in four equal semi-annual installments thereafter through December 15, 2025. |
| 5 | Derivative | Restricted Stock Units (RSUs) | 2023-12-15 | M | D | 133,928 | $0.00 | 0 | D | — · — to — | 133,928 Common Stock | (F1) The RSUs convert to common stock on a one-for-one basis. (F3) The RSUs vested in full on the first anniversary of the date of grant. |