4//SEC Filing
Swade Michael R. 4
Accession 0001619835-18-000002
CIK 0001708055other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 4:22 PM ET
Size
10.8 KB
Accession
0001619835-18-000002
Insider Transaction Report
Form 4
Swade Michael R.
EVP Global Sales
Transactions
- Sale
Common Stock
2018-03-16$5.14/sh−13,979$71,852→ 205,285 total - Exercise/Conversion
Performance-Based Restricted Stock Units (PSUs)
2018-03-16+4,667→ 0 totalExercise: $0.00→ Common Stock (4,667 underlying) - Exercise/Conversion
Common Stock
2018-03-16+4,667→ 222,831 total - Tax Payment
Common Stock
2018-03-16$5.12/sh−3,567$18,263→ 219,264 total
Footnotes (3)
- [F1]Represents the vesting (at 112% of target) of Performance-Based Restricted Stock Units (PSUs) granted on March 16, 2015 for the 2017 performance period. As a result of the achievement of 112%, which was above target, the Company increased the number of shares granted to the individual by 500 shares, or the above-target amount, to account for such achievement.Performance for this award during the award's 2017 performance period was measured based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the NASDAQ Telecommunications Index, that were set by the Compensation Committee of the Issuer's Board of Directors.
- [F2]The PSUs have fully vested and accordingly have no expiration date.
- [F3]PAYMENT OF TAX LIABILITY BY DELIVERING SECURITIES TO THE COMPANY INCIDENT TO THE VESTING OF A SECURITY.
Documents
Issuer
Ribbon Communications Inc.
CIK 0001708055
Entity typeother
Related Parties
1- filerCIK 0001619835
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 4:22 PM ET
- Size
- 10.8 KB