Form 4 for RBBN Ribbon Communications Inc.
Accepted 2024-04-19 00:00:00 ET · period of report 2024-04-17 · accession 0001062993-24-008601 · 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 | Redington Dan | EVP, Gbl Sales | M - OptEx | — | +60.6K | 127.4K | +91% | — |
| D | 2024-04-19 | 2024-04-17 | RBBN | Redington Dan | EVP, Gbl Sales | F - Tax | — | -21.8K | 105.7K | -17% | — |
| DM | 2024-04-19 | 2024-04-17 | RBBN | Redington Dan | EVP, Gbl Sales | M - OptEx | $0.00 | -60.6K | 72.3K | -46% | $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 | 36,143 | — | 102,982 | 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 | F | D | 21,793 | — | 105,654 | 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 | 24,465 | — | 127,447 | D | — | — | (F1) Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis. |
| 4 | Derivative | Performance Share Units (PSUs) | 2024-04-17 | M | D | 24,465 | $0.00 | 0 | D | — · — to — | 24,465 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. |
| 5 | Derivative | Restricted Stock Units (RSUs) | 2024-04-17 | M | D | 36,143 | $0.00 | 72,283 | D | — · — to — | 36,143 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-third on April 17, 2024; the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through April 17, 2026. |