Filing Details
- Accession Number:
- 0001708055-20-000092
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-06-17 16:37:24
- Reporting Period:
- 2020-06-15
- Accepted Time:
- 2020-06-17 16:37:24
- 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 |
---|---|---|---|---|---|---|---|
1720723 | M Steven Bruny | C/O Ribbon Communications Inc. 4 Technology Park Drive Westford MA 01886 | Evp, Sales - Americas Region | 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 | 6,666 | $0.00 | 113,801 | No | 4 | M | Direct | |
Common Stock | Disposition | 2020-06-15 | 1,947 | $3.88 | 111,854 | 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 | 6,666 | $0.00 | 6,666 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
13,333 | No | 4 | M | Direct |
Footnotes
- Restricted stock units 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.
- 40,000 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.