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