SEC Form 4 · accession 0001720719-18-000002
Ribbon Communications Inc. · RBBN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R McCready
Officer — EVP and Chief Strategy Officer
Period of report
Jun 15, 2018
Accepted (ET)
Jun 19, 2018 · 5:07 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 | — | Jun 15, 2018 | A | 25,000 | A | — | — | Common Stock | 25,000 | 25,000 | 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 vest over a three-year period as follows: one-third of the restricted stock units shall vest on June 15, 2019, and the remaining two-thirds of the restricted stock units shall vest in four equal, semi-annual installments thereafter through June 15, 2021.