Filing Details
- Accession Number:
- 0001619835-18-000002
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-03-20 16:22:57
- Reporting Period:
- 2018-03-16
- Accepted Time:
- 2018-03-20 16:22:57
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1708055 | Ribbon Communications Inc. | RBBN | () | 4 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1619835 | R. Michael Swade | C/O Ribbon Communications Inc. 4 Technology Park Drive Westford MA 01886 | Evp Global Sales | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2018-03-16 | 4,667 | $0.00 | 222,831 | No | 4 | M | Direct | |
Common Stock | Disposition | 2018-03-16 | 3,567 | $5.12 | 219,264 | No | 4 | F | Direct | |
Common Stock | Disposition | 2018-03-16 | 13,979 | $5.14 | 205,285 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Direct | |
No | 4 | F | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Performance-Based Restricted Stock Units (PSUs) | Acquisiton | 2018-03-16 | 4,667 | $0.00 | 4,667 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | No | 4 | M | Direct |
Footnotes
- Represents the vesting (at 112% of target) of Performance-Based Restricted Stock Units (PSUs) granted on March 16, 2015 for the 2017 performance period. As a result of the achievement of 112%, which was above target, the Company increased the number of shares granted to the individual by 500 shares, or the above-target amount, to account for such achievement.Performance for this award during the award's 2017 performance period was measured 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.
- The PSUs have fully vested and accordingly have no expiration date.
- PAYMENT OF TAX LIABILITY BY DELIVERING SECURITIES TO THE COMPANY INCIDENT TO THE VESTING OF A SECURITY.