Filing Details

Accession Number:
0001708055-20-000068
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-04-17 16:36:16
Reporting Period:
2020-04-15
Accepted Time:
2020-04-17 16:36:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1708055 Ribbon Communications Inc. RBBN Services-Computer Integrated Systems Design (7373) 821669692
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1720721 S Eric Marmurek C/O Ribbon Communications Inc.
4 Technology Park Drive
Westford MA 01886
Svp And Cao 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 2020-04-15 12,113 $0.00 42,861 No 4 M Direct
Common Stock Disposition 2020-04-15 3,422 $2.92 39,439 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2020-04-15 12,113 $0.00 12,113 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
24,225 No 4 M Direct
Footnotes
  1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
  2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 instruction letter previously adopted by the Reporting Person and represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs.
  3. The RSUs vest over a three-year period as follows: one-third of the shares vested on April 15, 2020, and the remaining two-thirds of the shares will vest in four equal increments semi-annually thereafter through April 15, 2022.