Ribbon Communications Inc. — Director's Dealing 2017

Nov 6, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Sonus Networks, Inc. (SONS)
CIK: 0001708055
Period of Report: 2017-10-27

Reporting Person: DOLAN RAYMOND P (Director, President and CEO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1220886	Direct

Footnotes

F1: Total includes 47,917 restricted shares of Issuer Common Stock that the Reporting Person previously held through Sonus, Inc. (formerly Sonus Networks, Inc. and now an Issuer wholly-owned subsidiary, "Sonus"), in the form of performance-based restricted stock units ("PSUs"). Of this amount: (i) 4,167 shares of Issuer Common Stock will vest on March 16, 2018; (ii) 12,500 shares of Issuer Common Stock will vest in equal increments annually on each of April 1, 2018 and April 1, 2019; and (iii) 31,250 shares of Issuer Common Stock will vest in equal increments annually on each of March 31, 2018, March 31, 2019 and March 31, 2020.

F2: Pursuant to the terms of the Reporting Person's employment agreement with the Issuer, the PSUs were converted into restricted shares of Issuer Common Stock upon the consummation of a series of merger transactions under the Agreement and Plan of Merger, dated as of May 23, 2017, by and among (i) Sonus, (ii) the Issuer (formerly Solstice Sapphire Investments, Inc.) and its wholly-owned subsidiaries and (iii) GENBAND Holdings Company and its two related holding companies.