0001062993-24-006570.txt : 20240318
0001062993-24-006570.hdr.sgml : 20240318
20240318075752
ACCESSION NUMBER: 0001062993-24-006570
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240315
FILED AS OF DATE: 20240318
DATE AS OF CHANGE: 20240318
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LOPEZ MIGUEL A
CENTRAL INDEX KEY: 0001600024
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38267
FILM NUMBER: 24756945
MAIL ADDRESS:
STREET 1: HARRIS CORPORATION
STREET 2: 1025 W NASA BOULEVARD
CITY: MELBOURNE
STATE: FL
ZIP: 32919
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Ribbon Communications Inc.
CENTRAL INDEX KEY: 0001708055
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 821669692
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6500 CHASE OAKS BOULEVARD
CITY: PLANO
STATE: TX
ZIP: 75023
BUSINESS PHONE: 877-412-8867
MAIL ADDRESS:
STREET 1: 6500 CHASE OAKS BOULEVARD
CITY: PLANO
STATE: TX
ZIP: 75023
FORMER COMPANY:
FORMER CONFORMED NAME: Sonus Networks, Inc.
DATE OF NAME CHANGE: 20171027
FORMER COMPANY:
FORMER CONFORMED NAME: Solstice Sapphire Investments, Inc.
DATE OF NAME CHANGE: 20170531
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0508
4
2024-03-15
0001708055
Ribbon Communications Inc.
RBBN
0001600024
LOPEZ MIGUEL A
C/O RIBBON COMMUNICATIONS INC.
6500 CHASE OAKS BOULEVARD, SUITE 100
PLANO
TX
75023
0
1
0
0
EVP, CFO
0
Common Stock
2024-03-15
4
P
0
2000
2.8992
A
280875
D
Common Stock
2024-03-15
4
M
0
8960
A
289835
D
Common Stock
2024-03-15
4
M
0
3441
A
293276
D
Common Stock
2024-03-15
4
F
0
4155
2.83
D
289121
D
Restricted Stock Units (RSUs)
2024-03-15
4
M
0
8960
0
D
Common Stock
8960
0
D
Performance Share Units (PSUs)
2024-03-15
4
M
0
3441
0
D
Common Stock
3441
0
D
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.8991 to $2.8992, inclusive. The reporting person undertakes to provide to Ribbon Communications, any security holder of Ribbon Communications, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote.
Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis.
The number of PSUs earned and issued upon vesting was determined based on goals (set by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee") on an annual basis) for each of the three fiscal years ended December 31, 2023. Based on the Compensation Committee's determination of achievement of these pre-established financial goals, 32% of the shares subject to the 2023 financial period were earned and vested on March 15, 2024, and no shares were earned for the 2021 and 2022 performance periods and were forfeited.
Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs and PSUs.
The RSUs were granted on March 15, 2021 and vested as to one-third on March 15, 2022; the remaining two-thirds of the RSUs vested in four equal semi-annual installments thereafter through March 15, 2024.
Patrick Macken, By POA from Miguel Lopez
2024-03-18