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Ribbon Communications Inc. — Director's Dealing 2021
Apr 16, 2021
32573_dirs_2021-04-16_789355ef-6611-46a1-80c2-1d726fd8aaeb.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Ribbon Communications Inc. (RBBN)
CIK: 0001708055
Period of Report: 2021-04-15
Reporting Person: Marmurek Eric S (SVP, CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-04-15 | Common Stock | M | 6057 | — | Acquired | 62974 | Direct |
| 2021-04-15 | Common Stock | F | 1474 | $8.45 | Disposed | 61500 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-04-15 | Restricted Stock Units (RSUs) | $ | M | 6057 | Disposed | Common stock (6057) | Direct |
Footnotes
F1: RSUs convert into Common Stock on a one-for-one basis.
F2: Reflects shares of common stock withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3: On April 15, 2019, the reporting person was granted 36,338 RSUs. The RSUs vested as to one-third on April 15, 2020 and vested as to one-sixth on each of October 15, 2020 and April 15, 2021. The remaining RSUs will vest in two equal, semi-annual installments through April 15, 2022.
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