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