Form 4 for RBBN Ribbon Communications Inc.
Accepted 2024-04-19 00:00:00 ET · period of report 2024-04-17 · accession 0001062993-24-008599 · 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 | LOPEZ MIGUEL A | EVP, CFO | M - OptEx | — | +167.6K | 366.6K | +84% | — |
| DM | 2024-04-19 | 2024-04-17+ | RBBN | LOPEZ MIGUEL A | EVP, CFO | F - Tax | $2.60 | -63.1K | 393.6K | -14% | -$164.2K |
| DM | 2024-04-19 | 2024-04-17+ | RBBN | LOPEZ MIGUEL A | EVP, CFO | M - OptEx | $0.00 | -167.6K | 53.4K | -76% | $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 | 2024-04-17 | M | A | 31,714 | — | 429,997 | D | — | — | (F1) Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2024-04-17 | M | A | 31,714 | — | 398,283 | D | — | — | (F1) Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2024-04-17 | F | D | 52,733 | $2.61 | 377,264 | D | — | — | (F2) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting. |
| 4 | Common | Common Stock | 2024-04-18 | F | D | 10,349 | $2.57 | 393,624 | D | — | — | (F2) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting. |
| 5 | Common | Common Stock | 2024-04-18 | M | A | 26,709 | — | 403,973 | D | — | — | (F1) Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis. |
| 6 | Common | Common Stock | 2024-04-17 | M | A | 77,448 | — | 366,569 | D | — | — | (F1) Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis. |
| 7 | Derivative | Performance Share Units (PSUs) | 2024-04-17 | M | D | 31,714 | $0.00 | 0 | D | — · — to — | 31,714 Common Stock | (F1) Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis. (F4) The PSUs were issued on April 17, 2023. The number of PSUs earned and vested was based on achievement of a revenue goal set (prior to grant) by the Compensation Committee of the Issuer's Board of Directors for the fiscal year ended December 31, 2023. The remaining PSUs were forfeited. |
| 8 | Derivative | Restricted Stock Units (RSUs) | 2024-04-17 | M | D | 77,448 | $0.00 | 77,447 | D | — · — to — | 77,448 Common Stock | (F1) Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) 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. |
| 9 | Derivative | PSUs | 2024-04-17 | M | D | 31,714 | $0.00 | 0 | D | — · — to — | 31,714 Common Stock | (F1) Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis. (F4) The PSUs were issued on April 17, 2023. The number of PSUs earned and vested was based on achievement of a revenue goal set (prior to grant) by the Compensation Committee of the Issuer's Board of Directors for the fiscal year ended December 31, 2023. The remaining PSUs were forfeited. |
| 10 | Derivative | RSUs | 2024-04-18 | M | D | 26,709 | $0.00 | 53,418 | D | — · — to — | 26,709 Common Stock | (F1) Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis. (F5) 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. |