Ribbon Communications Inc. — Director's Dealing 2019

Apr 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ribbon Communications Inc. (RBBN)
CIK: 0001708055
Period of Report: 2019-02-06

Reporting Person: HOBBS FRANKLIN W IV (Director, CEO, President & Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-06	Restricted Stock Units (RSUs)	$	A	250075	Acquired		Common Stock (250075)	Direct
2019-04-11	Restricted Stock Units (RSUs)	$	A	42425	Acquired		Common Stock (42425)	Direct

Footnotes

F1: Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The number of RSUs was determined based on the Issuer's calculation of its 2018 pre-bonus adjusted EBITDA and the 2018 in-year synergies compared to pre-established goals that were set by the Compensation Committee (the Compensation Committee) of the Issuer's Board of Directors.

F2: Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. On April 11, 2019, the Compensation Committee determined that the 2018 pre-bonus adjusted EBTIDA metric was achieved at the 150% level, as opposed to the 106.49% level as approved on February 6, 2019. As a result, the Compensation Committee determined that Mr. Hobbs earned an additional 42,425 shares, pending Mr. Hobbs' continued employment with the Company through December 31, 2020.