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Ribbon Communications Inc. — Director's Dealing 2021
Mar 3, 2021
32573_dirs_2021-03-02_51569185-16e5-4d13-bc53-4231c7d1509c.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: 2021-03-01
Reporting Person: McClelland Bruce William (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-01 | Common Stock | M | 1333333 | — | Acquired | 1458908 | Direct |
| 2021-03-01 | Common Stock | F | 586112 | $8.78 | Disposed | 872796 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-01 | Performance-Based Restricted Stock Units (PSUs) | $ | M | 1333333 | Disposed | Common Stock (1333333) | Direct |
Footnotes
F1: Each PSU represents a contingent right to receive one share of the Issuer's common stock.
F2: Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of PSUs.
F3: On March 16, 2020, the reporting person was awarded 4,750,000 PSUs, the first 1,333,333 of which vested in full on the date the Issuer's stock price achieved a daily closing price on the NASDAQ Stock Market of $7.50 for 20 (twenty) consecutive trading days on or before September 1, 2021.