4//SEC Filing
Bruny Steven M 4
Accession 0001062993-22-008058
CIK 0001708055other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 5:12 PM ET
Size
19.3 KB
Accession
0001062993-22-008058
Insider Transaction Report
Form 4
Bruny Steven M
EVP Global Operations
Transactions
- Exercise/Conversion
Common Stock
2022-03-15+13,940→ 233,717 total - Exercise/Conversion
Common Stock
2022-03-15+21,839→ 277,897 total - Exercise/Conversion
Common Stock
2022-03-16+27,006→ 279,312 total - Exercise/Conversion
Restricted Stock Units (RSU)
2022-03-15−13,940→ 27,877 total→ Common Stock (13,940 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
2022-03-16−27,006→ 54,012 total→ Common Stock (27,006 underlying) - 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→ 256,058 total - Tax Payment
Common Stock
2022-03-15$2.81/sh−25,591$71,911→ 252,306 total - Tax Payment
Common Stock
2022-03-16$2.99/sh−11,520$34,445→ 267,792 total
Footnotes (6)
- [F1]RSUs convert into common stock on a one-for one basis.
- [F2]The RSU originally vested as to one-third on March 16, 2021 and the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through March 16, 2023.
- [F3]Reflects share of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs and/or PSUs.
- [F4]The RSU 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 0001720723
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 5:12 PM ET
- Size
- 19.3 KB