0001708055-21-000042.txt : 20210302 0001708055-21-000042.hdr.sgml : 20210302 20210302204601 ACCESSION NUMBER: 0001708055-21-000042 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210226 FILED AS OF DATE: 20210302 DATE AS OF CHANGE: 20210302 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bucci Sam CENTRAL INDEX KEY: 0001824854 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38267 FILM NUMBER: 21706726 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] 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 2021-02-26 0001708055 Ribbon Communications Inc. RBBN 0001824854 Bucci Sam C/O RIBBON COMMUNICATIONS INC. 4 TECHNOLOGY PARK DRIVE WESTFORD MA 01886 0 1 0 0 EVP & GM, IP Optical Networks Common Stock 2021-03-01 4 S 0 7500 8.825000 D 67947 D Common Stock 2021-03-02 4 S 0 10000 8.5944 D 57947 D Performance Based Restricted Stock Units (PSUs) 2021-02-26 4 A 0 25059 0 A Common Stock 25059 25059 D The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.59 to $8.61, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote. 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 (the "Compensation Committee") of the Issuer's Board of Directors on an annual basis for each of the three fiscal years prior to the vesting date. The Compensation Committee determined that the 2020 pre-bonus adjusted EBITDA (50% weighting) and Revenue (50% weighting) metrics resulted in a combined 125% level of the target awards being earned for the 2020 financial performance period, subject to no material changes in connection with the finalization of the audit and the filing of the Issuer's Annual Report on Form 10-K for the year ended December 31, 2020 (the "2020 Form 10-K"). The 2020 Form 10-K was filed with the U.S. Securities and Exchange Commission on February 26, 2021. As a result, Mr. Bucci earned 25,059 shares, pending his continued employment with the Issuer through the vesting date (third anniversary of the date of grant). Patrick Macken, Attorney-in-Fact 2021-03-02