Filing Details

Accession Number:
0001708055-20-000090
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-06-17 16:35:53
Reporting Period:
2020-06-15
Accepted Time:
2020-06-17 16:35:53
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1708055 Ribbon Communications Inc. RBBN () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1405026 Daryl Raiford C/O Ribbon Communications Inc.
4 Technology Park Drive
Westford MA 01886
Evp & Cfo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-06-15 3,334 $0.00 186,740 No 4 M Direct
Common Stock Disposition 2020-06-15 822 $3.88 185,918 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units (RSUs) Disposition 2020-06-15 3,334 $0.00 3,334 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
6,666 No 4 M Direct
Footnotes
  1. The RSUs convert into common stock on a one-for-one basis.
  2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 instruction letter previously adopted by the Reporting Person and represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units.
  3. 20,000 RSUs were granted to the Reporting Person on June 15, 2018 and vest over a three-year period. One-third of the RSUs vested on June 15, 2019, one-sixth vested on December 16, 2019, one-sixth vested on June 15, 2020 and the remainder of the RSUs will vest in two equal, semi-annual installments thereafter through June 15, 2021.