4//SEC Filing
Scarfo Anthony 4
Accession 0001062993-22-008056
CIK 0001708055other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 5:11 PM ET
Size
19.1 KB
Accession
0001062993-22-008056
Insider Transaction Report
Form 4
Scarfo Anthony
EVP, Product & R&D
Transactions
- Exercise/Conversion
Common Stock
2022-03-15+13,940→ 170,279 total - Exercise/Conversion
Common Stock
2022-03-15+21,839→ 214,459 total - Exercise/Conversion
Common Stock
2022-03-16+27,006→ 224,467 total - Tax Payment
Common Stock
2022-03-15$2.81/sh−16,998$47,764→ 197,461 total - Exercise/Conversion
Restricted Stock Units (RSU)
2022-03-15−13,940→ 27,877 total→ Common Stock (13,940 underlying) - Tax Payment
Common Stock
2022-03-16$2.99/sh−7,089$21,196→ 217,378 total - Exercise/Conversion
Performance-based Restricted Stock Unit (PSU)
2022-03-15−21,839→ 0 total→ Common Stock (21,839 underlying) - Award
Common Stock
2022-03-15+22,341→ 192,620 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2022-03-16−27,006→ 54,012 total→ Common Stock (27,006 underlying)
Footnotes (6)
- [F1]RSUs convert into common stock on a one-for-one basis.
- [F2]Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs and/or PSUs.
- [F3]The RSUs vested as to one-third on March 16, 2021, and the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through March 16, 2023.
- [F4]The RSUs vested as to one-third on March 15, 2022 and the remaining two-thirds will vest in four equal semi-annual installments thereafter through March 15, 2024.
- [F5]PSUs that convert to Common Stock on a one-for-one basis based on the achievement of financial metrics in each of the 2019, 2020 and 2021 fiscal years establised by the Issuer's Compensation Committee of it's Board of Directors (Compensation Committee) at the time of grant. The PSUs then vested on March 15, 2022. Any unearned shares were forefeited
- [F6]PSUs that convert to Common Stock on a one-for-one basis based on the achievement of the Issuer's total sharholder return (TSR) for the 3-year period ended December 31, 2021 compared to TSR goals established by the Compensation Committee at the time of grant based on the TSR of a group of peer companies identified by the Compensation Committee. The PSUs then vested on March 15, 2022. Any unearned shares were forefeited.
Issuer
Ribbon Communications Inc.
CIK 0001708055
Entity typeother
Related Parties
1- filerCIK 0001550524
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 5:11 PM ET
- Size
- 19.1 KB