Home > Insider Trading > Filing (0001708055-20-000090)

Filing Details

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
1405026	Daryl Raiford	C/O Ribbon Communications Inc. 4 Technology Park Drive Westford MA 01886	Evp & Cfo	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	2020-06-15	3,334	$0.00	186,740	No	4	M	Direct
Common Stock	Disposition	2020-06-15	822	$3.88	185,918	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 (RSUs)	Disposition	2020-06-15	3,334	$0.00	3,334	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,666			No	4	M	Direct

Footnotes

The RSUs convert into common stock on a one-for-one basis.
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 restricted stock units.
20,000 RSUs were granted to the Reporting Person on June 15, 2018 and vest over a three-year period. One-third of the RSUs vested on June 15, 2019, one-sixth vested on December 16, 2019, one-sixth vested on June 15, 2020 and the remainder of the RSUs will vest in two equal, semi-annual installments thereafter through June 15, 2021.