0001619835-18-000002.txt : 20180320 0001619835-18-000002.hdr.sgml : 20180320 20180320162257 ACCESSION NUMBER: 0001619835-18-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180316 FILED AS OF DATE: 20180320 DATE AS OF CHANGE: 20180320 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Swade Michael R. CENTRAL INDEX KEY: 0001619835 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38267 FILM NUMBER: 18702109 MAIL ADDRESS: STREET 1: C/O 4 TECHNOLOGY PARK DRIVE CITY: WESTFORD STATE: MA ZIP: 01886 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Ribbon Communications Inc. CENTRAL INDEX KEY: 0001708055 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 821669692 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4 TECHNOLOGY PARK DRIVE CITY: WESTFORD STATE: MA ZIP: 01886 BUSINESS PHONE: 978-614-8090 MAIL ADDRESS: STREET 1: 4 TECHNOLOGY PARK DRIVE CITY: WESTFORD STATE: MA ZIP: 01886 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 edgar.xml PRIMARY DOCUMENT X0306 4 2018-03-16 0001708055 Ribbon Communications Inc. RBBN 0001619835 Swade Michael R. C/O RIBBON COMMUNICATIONS INC. 4 TECHNOLOGY PARK DRIVE WESTFORD MA 01886 0 1 0 0 EVP Global Sales Common Stock 2018-03-16 4 M 0 4667 0 A 222831 D Common Stock 2018-03-16 4 F 0 3567 5.12 D 219264 D Common Stock 2018-03-16 4 S 0 13979 5.14 D 205285 D Performance-Based Restricted Stock Units (PSUs) 0 2018-03-16 4 M 0 4667 0 A Common Stock 4667 0 D Represents the vesting (at 112% of target) of Performance-Based Restricted Stock Units (PSUs) granted on March 16, 2015 for the 2017 performance period. As a result of the achievement of 112%, which was above target, the Company increased the number of shares granted to the individual by 500 shares, or the above-target amount, to account for such achievement.Performance for this award during the award's 2017 performance period was measured based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the NASDAQ Telecommunications Index, that were set by the Compensation Committee of the Issuer's Board of Directors. The PSUs have fully vested and accordingly have no expiration date. PAYMENT OF TAX LIABILITY BY DELIVERING SECURITIES TO THE COMPANY INCIDENT TO THE VESTING OF A SECURITY. Michael R. Swade 2018-03-20