SEC Form 4 · accession 0001708055-18-000015
Ribbon Communications Inc. · RBBN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Franklin W Hobbs IV
Officer — CEO, President & Director · Director
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001708055
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSUs)F1,F2 | — | May 15, 2018 | A | 195,000 | A | — | — | Common Stock | 195,000 | 195,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Ribbon Communications Inc. common stock.
- F2The restricted stock units will vest in three equal annual installments beginning on December 31, 2018, subject to the reporting person's continued employment with Ribbon Communications Inc. or any of its subsidiaries or affiliates that may employ the reporting person through such date.