Form 4 for RBBN Ribbon Communications Inc.
Accepted 2024-10-21 00:00:00 ET · period of report 2024-10-17 · accession 0001062993-24-017821 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-10-21 | 2024-10-17 | RBBN | Redington Dan | EVP, Gbl Sales | M - OptEx | — | +18.1K | 136.8K | +15% | — |
| D | 2024-10-21 | 2024-10-17 | RBBN | Redington Dan | EVP, Gbl Sales | F - Tax | $3.38 | -7,110 | 129.7K | -5% | -$24.0K |
| D | 2024-10-21 | 2024-10-17 | RBBN | Redington Dan | EVP, Gbl Sales | M - OptEx | $0.00 | -18.1K | 54.2K | -25% | $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 | 2024-10-17 | M | A | 18,071 | — | 136,777 | 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 | 2024-10-17 | F | D | 7,110 | $3.38 | 129,667 | D | — | — | (F2) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting. |
| 3 | Derivative | Restricted Stock Units (RSUs) | 2024-10-17 | M | D | 18,071 | $0.00 | 54,212 | D | — · — to — | 18,071 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 vest in four equal semi-annual installments thereafter through April 17, 2026. |