0001619835-18-000004.txt : 20180404
0001619835-18-000004.hdr.sgml : 20180404
20180404162626
ACCESSION NUMBER: 0001619835-18-000004
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180402
FILED AS OF DATE: 20180404
DATE AS OF CHANGE: 20180404
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: 18737537
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
2018-04-02
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
2018-04-02
4
M
0
13542
0
A
218827
D
Common Stock
2018-04-02
4
M
0
8125
0
A
226952
D
Common Stock
2018-04-02
4
F
0
18249
5.10
D
208703
D
Performance-Based Restricted Stock Units (PSUs)
0
2018-04-02
4
M
0
13542
0
A
Common Stock
13542
5208
D
Performance-Based Restricted Stock Units (PSUs)
0
2018-04-02
4
M
0
8125
0
A
Common Stock
8125
0
D
Represents the vesting (at 130% of target) of Performance-Based Restricted Stock Units (PSUs) granted on March 31, 2017 for the 2017 performance period. As a result of the achievement of 130%, which was above target, the Company increased the number of shares granted to the individual by 3,125 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 remaining PSUs will vest on March 31, 2019 and accordingly have no expiration date.
Represents the vesting (at 130% of target) of Performance-Based Restricted Stock Units (PSUs) granted on April 1, 2016 for the 2017 performance period. As a result of the achievement of 130%, which was above target, the Company increased the number of shares granted to the individual by 1,875 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
2018-04-04