ECI Holding (Hungary) Kft. 3
3 · Ribbon Communications Inc. · Filed Mar 12, 2020
Insider Transaction Report
Form 3
ECI Holding (Hungary) Kft.
10% Owner
Holdings
- 25,796,395
Common Stock
Footnotes (1)
- [F1]Represents 25,796,395 shares of common stock, par value $0.0001 per share, of Ribbon Communications Inc. ("Common Stock") pursuant to that certain Agreement and Plan of Merger, dated as of November 14, 2019 (the "Merger Agreement"), by and among Ribbon Communications Inc., Ribbon Communications Israel Ltd., Eclipse Communications Ltd., ECI Telecom Group Ltd. and the Reporting Person. Of the 25,796,395 shares of Common Stock, 1,454,545 are held in an escrow and are subject to forfeiture during a period of up to five years following the closing of the transactions contemplated by the Merger Agreement to satisfy certain potential liabilities under the Merger Agreement. The transactions contemplated by the Merger Agreement were consummated on March 3, 2020, at which time the shares of Common Stock were issued to the Reporting Person.