Form 4 for RBBN Ribbon Communications Inc.
Accepted 2024-04-19 00:00:00 ET · period of report 2024-04-17 · accession 0001062993-24-008595 · 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 | 2024-04-19 | 2024-04-17+ | RBBN | Marmurek Eric S | SVP, CAO, Fin | F - Tax | $2.60 | -22.0K | 281.2K | -7% | -$57.1K |
| DM | 2024-04-19 | 2024-04-17+ | RBBN | Marmurek Eric S | SVP, CAO, Fin | M - OptEx | — | +59.8K | 294.6K | +25% | — |
| DM | 2024-04-19 | 2024-04-17+ | RBBN | Marmurek Eric S | SVP, CAO, Fin | M - OptEx | $0.00 | -59.8K | 26.7K | -69% | $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 | 2024-04-18 | F | D | 4,895 | $2.57 | 289,698 | D | — | — | (F2) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting. |
| 2 | Common | Common Stock | 2024-04-17 | F | D | 17,069 | $2.61 | 281,239 | D | — | — | (F2) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting. |
| 3 | Common | Common Stock | 2024-04-17 | M | A | 46,469 | — | 298,308 | D | — | — | (F1) Each Restricted Stock Unit (RSU) converts into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2024-04-18 | M | A | 13,354 | — | 294,593 | D | — | — | (F1) Each Restricted Stock Unit (RSU) converts into common stock on a one-for-one basis. |
| 5 | Derivative | Restricted Stock Units (RSUs) | 2024-04-17 | M | D | 46,469 | $0.00 | 46,468 | D | — · — to — | 46,469 Common Stock | (F1) Each Restricted Stock Unit (RSU) converts into common stock on a one-for-one basis. (F3) The RSUs were granted on April 17, 2023 and vested as to one-half on April 17, 2024; the remaining half of the RSUs vest in two equal installments thereafter on July 17, 2024 and October 17, 2024. |
| 6 | Derivative | RSUs | 2024-04-18 | M | D | 13,354 | $0.00 | 26,709 | D | — · — to — | 13,354 Common Stock | (F1) Each Restricted Stock Unit (RSU) converts into common stock on a one-for-one basis. (F4) The RSUs were granted on April 18, 2022 and vested as to one-third on April 18, 2023; the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through April 18, 2025. |