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Ribbon Communications Inc. — Director's Dealing 2017
Nov 7, 2017
32573_dirs_2017-11-06_99df0209-59fb-4743-8549-6e6f4b9e7f96.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Sonus Networks, Inc. (SONS)
CIK: 0001708055
Period of Report: 2017-10-27
Reporting Person: Swade Michael R. (EVP Global Sales)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 218543 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance-Based Restricted Stock Units (PSUs) | $0 | Common Stock (4167) | Direct | ||
| Performance-Based Restricted Stock Units (PSUs) | $0 | Common Stock (6250) | Direct | ||
| Performance-Based Restricted Stock Units (PSUs) | $0 | Common Stock (15625) | Direct |
Footnotes
F1: Each PSU represents a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the NASDAQ Telecommunications Index, that were set by the Compensation Committee of the Issuer's Board of Directors. Between zero percent (0%) and 120% of the target number of shares reported in column 3 of this report will vest into Issuer Common Stock, if at all, on March 16, 2018.
F2: Each PSU represents a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the NASDAQ Telecommunications Index, that were set by the Compensation Committee of the Issuer's Board of Directors. Between zero percent (0%) and 200% of one-half of the target number of shares reported in column 3 of this report will vest into Issuer Common Stock, if at all, on each of April 1, 2018 and April 1, 2019.
F3: Each PSU represents a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the NASDAQ Telecommunications Index, that were set by the Compensation Committee of the Issuer's Board of Directors. Between zero percent (0%) and 200% of one-third of the target number of shares reported in column 3 of this report will vest into Issuer Common Stock, if at all, on each of March 31, 2018, March 31, 2019 and March 31, 2020.