0001062993-24-006578.txt : 20240318
0001062993-24-006578.hdr.sgml : 20240318
20240318083703
ACCESSION NUMBER: 0001062993-24-006578
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: Bucci Sam
CENTRAL INDEX KEY: 0001824854
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38267
FILM NUMBER: 24757016
MAIL ADDRESS:
STREET 1: 3605 E PLANO PARKWAY
CITY: PLANO
STATE: TX
ZIP: 75074
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
0001824854
Bucci Sam
6500 CHASE OAKS BLVD.
STE, 100
PLANO
TX
75023
0
1
0
0
EVP & COO
0
Common Stock
2024-03-15
4
M
0
7965
A
273761
D
Common Stock
2024-03-15
4
M
0
3059
A
276820
D
Common Stock
2024-03-15
4
F
0
5900
2.83
D
270920
D
Restricted Stock Units (RSUs)
2024-03-15
4
M
0
7965
0
D
Common Stock
7965
0
D
Performance Stock Units (PSUs)
2024-03-15
4
M
0
3059
0
D
Common Stock
3059
0
D
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 for Sam Bucci, EVP & COO
2024-03-18