0001708055-21-000055.txt : 20210317 0001708055-21-000055.hdr.sgml : 20210317 20210317192151 ACCESSION NUMBER: 0001708055-21-000055 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210315 FILED AS OF DATE: 20210317 DATE AS OF CHANGE: 20210317 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LOPEZ MIGUEL A CENTRAL INDEX KEY: 0001600024 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38267 FILM NUMBER: 21752381 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] 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 edgar.xml PRIMARY DOCUMENT X0306 4 2021-03-15 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 and CFO Restricted Stock Units (RSUs) 2021-03-15 4 A 0 53764 0.0 A Common Stock 53764 53764 D Performance-Based Restricted Stock Units (PSUs) 2021-03-15 4 A 0 53764 0.0 A Common Stock 53764 53764 D PSUs 2021-03-15 4 A 0 32259 0.0 A Common Stock 32259 32259 D PSUs 2021-03-15 4 A 0 21505 0.0 A Common Stock 21505 21505 D Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest as to one-third on March 15, 2022 and the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through March 15, 2024. Each PSU represents a contingent right to receive one share of the Issuer's Common Stock. The number of PSUs earned and issuable upon vesting will be determined based on achievement of a revenue goal set by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee") for the fiscal year ending December 31, 2021. The aggregate number of shares issued may range from zero shares to 200% of the target number of shares reported in columns 5, 7 and 9 of Table II. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance. This PSU will vest on 3/15/2022. Each PSU represents a contingent right to receive one share of the Issuer's Common Stock. The number of PSUs earned and issuable upon vesting will be determined based on goals set by the Compensation Committee on an annual basis for each of the three fiscal years prior to the vesting date. The aggregate number of shares issued may range from zero shares to 200% of the target number of shares reported in columns 5, 7 and 9 of Table II. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance. This PSU will vest on 3/15/2024. Each PSU represents a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of a peer index of companies set by the Compensation Committee over the three fiscal years ending prior to the vesting date. The aggregate number of shares issued may range from zero shares to 200% of the target number of shares reported in columns 5, 7 and 9 of Table II. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance. This PSU will vest on 3/15/2024. Patrick Macken, Attorney-in-Fact 2021-03-17