Filing Details

Accession Number:
0001062993-22-007809
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-03-16 09:58:10
Reporting Period:
2022-03-15
Accepted Time:
2022-03-16 09:58:10
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
1600024 A Miguel Lopez C/O Ribbon Communications Inc.
6500 Chase Oaks Boulevard, Suite 100
Plano TX 75023
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 2022-03-15 3,000 $2.97 88,975 No 4 P Direct
Common Stock Acquisiton 2022-03-15 17,922 $0.00 103,897 No 4 M Direct
Common Stock Disposition 2022-03-15 6,370 $2.81 97,527 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 M Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units (RSU) Disposition 2022-03-15 17,922 $0.00 17,922 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
35,842 No 4 M Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.96 to $2.98, inclusive. The reporting person undertakes to provide to Ribbon, any security holder of Ribbon, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote.
  2. RSUs convert to common stock on a one-for-one basis.
  3. Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
  4. The RSUs vest over a three-year period as follows: one-third of the restricted stock units vested on March 15, 2022, and the remaining two-thirds of the RSUs shall vest in four equal, semi-annual installments thereafter through March 15, 2024.