Form 4/A for RBBN Ribbon Communications Inc.
Accepted 2025-03-18 00:00:00 ET · period of report 2024-04-17 · accession 0001062993-25-005789 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DA | 2025-03-18 | 2024-04-17 | RBBN | Macken Patrick W | EVP, CLO, Sec | M - OptEx | — | +24.3K | 234.8K | +12% | — |
| DA | 2025-03-18 | 2024-04-17 | RBBN | Macken Patrick W | EVP, CLO, Sec | F - Tax | $2.61 | -10.4K | 224.4K | -4% | -$27.1K |
| DA | 2025-03-18 | 2024-04-17 | RBBN | Macken Patrick W | EVP, CLO, Sec | M - OptEx | $0.00 | -24.3K | 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 | 2024-04-17 | M | A | 24,257 | — | 234,801 | D | — | — | (F2) Original Form 4 filing overstated the number of shares issued upon vesting of this PSU award by 2,020 shares. This amendment has been filed to correct the vesting amount and the amount shown in Column 5 reflects total shares owned after correcting this transaction. All other amounts shown on the original Form 4 filing are correct. (F1) Each Performance Share Unit (PSU) converts into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2024-04-17 | F | D | 10,372 | $2.61 | 224,429 | D | — | — | (F2) Original Form 4 filing overstated the number of shares issued upon vesting of this PSU award by 2,020 shares. This amendment has been filed to correct the vesting amount and the amount shown in Column 5 reflects total shares owned after correcting this transaction. All other amounts shown on the original Form 4 filing are correct. (F3) Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting. |
| 3 | Derivative | Performance Share Units (PSUs) | 2024-04-17 | M | D | 24,257 | $0.00 | 0 | D | — · — to — | 24,257 Common Stock | (F2) Original Form 4 filing overstated the number of shares issued upon vesting of this PSU award by 2,020 shares. This amendment has been filed to correct the vesting amount and the amount shown in Column 5 reflects total shares owned after correcting this transaction. All other amounts shown on the original Form 4 filing are correct. (F1) Each 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. |