McCready John R 4
4 · Ribbon Communications Inc. · Filed Jun 19, 2019
Insider Transaction Report
Form 4
McCready John R
EVP Core R&D & Product Mgmt
Transactions
- Exercise/Conversion
Common Stock
2019-06-17+8,334→ 96,558 total - Tax Payment
Common Stock
2019-06-17$4.70/sh−2,467$11,595→ 94,091 total - Exercise/Conversion
Restricted Stock Units (RSUs)
2019-06-17−8,334→ 16,666 total→ Common Stock (8,334 underlying) - Award
Restricted Stock Units (RSUs)
2019-06-17+43,291→ 43,291 total→ Common Stock (43,291 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Ribbon Communications Inc. common stock.
- [F2]PAYMENT OF TAX LIABILITY BY DELIVERING SECURITIES TO THE COMPANY INCIDENT TO THE VESTING OF A SECURITY.
- [F3]25,000 restricted stock units were granted to the Reporting Person on June 15, 2018, vesting over a three-year period. One-third of those restricted stock units vested on June 17, 2019, and the remaining two-thirds of the restricted stock units shall vest in four equal, semi-annual installments thereafter through June 15, 2021.
- [F4]The restricted stock units vest over a three-year period as follows: one-third of the restricted stock units shall vest on June 17, 2020, and the remaining two-thirds of the restricted stock units shall vest in four equal, semi-annual installments thereafter through June 17, 2022.