McCready John R 4

4 · Ribbon Communications Inc. · Filed Mar 19, 2019

Form 4

Period: 2019-03-15

EVP Core R&D & Product Mgmt

Transactions

Award
Common Stock
2019-03-15+10,564→ 96,688 total
Tax Payment
Common Stock
2019-03-15$5.22/sh−4,690$24,482→ 91,998 total
Award
Performance-Based Restricted Stock Units (PSUs)
2019-03-15+15,326→ 15,236 total
Exp: 2021-12-31→ Common Stock (15,326 underlying)

Footnotes (4)

[F1]These shares of Common Stock were issued to Reporting Person pursuant to a voluntary election by Reporting Person in lieu of cash for a portion of the Reporting Person's 2018 annual bonus pursuant to the Issuer's Senior Management Cash Incentive Plan and such shares shall vest immediately upon grant.
[F2]PAYMENT OF TAX LIABILITY BY DELIVERING SECURITIES TO THE COMPANY INCIDENT TO THE VESTING OF A SECURITY.
[F3]Each PSU represents a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the Russell 2500 Telecommunications Sub Sector Index, that were set by the Compensation Committee (the Compensation Committee) of the Issuer's Board of Directors. The aggregate number of shares issued may range from zero (0) shares to 200% of the target number of shares reported in columns 5, 7 and 9 of Table II. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance.
[F4]Between zero (0) and 200% of one-third of the PSUs will vest, if at all, as determined by the Compensation Committee after the TSR performance period, commencing on January 1, 2019 and ending on December 31, 2021.

Documents

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