MACKEN PATRICK W (EVP, CLO & Corp. Sec.) exercised options at RIBBON COMMUNICATIONS INC.
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 2 exercises
Filed: 3/18/2025ACC: 0001062993-25-005803
Officer· EVP, CLO & Corp. Sec.
Since Jun 2020
-35.64K
Net shares
Net seller
$140.8K
Total sold
0
Open market trades
0B · 0S
6
Total transactions
77.69K acquired · 113.33K disposed
Non-Derivative Transactions4
Common Stock
Direct
Shares
+26.24K
Price / share
—
Trade value
—
% of position
10.8%
3/15/2025
242.16K→268.40K
Common Stock
Direct
Shares
−12.59K
Price / share
$3.95
Trade value
$49.75K
% of position
4.7%
3/15/2025
268.40K→255.80K
Common Stock
Direct
Shares
+51.45K
Price / share
—
Trade value
—
% of position
20.1%
3/15/2025
255.80K→307.25K
Common Stock
Direct
Shares
−23.05K
Price / share
$3.95
Trade value
$91.04K
% of position
7.5%
3/15/2025
307.25K→284.20K
Total
Net shares
+42.04K
Net value
-$140.78K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 3/15/2025 | M · Option Exercise | +26.24K | — | — | 10.8% | 242.16K | 268.40K |
| Common Stock Direct | 3/15/2025 | F · Tax Withholding | −12.59K | $3.95 | $49.75K | 4.7% | 268.40K | 255.80K |
| Common Stock Direct | 3/15/2025 | M · Option Exercise | +51.45K | — | — | 20.1% | 255.80K | 307.25K |
| Common Stock Direct | 3/15/2025 | F · Tax Withholding | −23.05K | $3.95 | $91.04K | 7.5% | 307.25K | 284.20K |
| Total | +42.04K | -$140.78K | ||||||
Derivative Transactions2
Performance Stock Units (PSUs)
Direct
Converts to
Common Stock
51.45K shares
Shares
−51.45K
Strike price
Held after
0.00
Exercisable
—
3/15/2024
Performance Stock Units (PSUs)
Direct
Converts to
Common Stock
26.24K shares
Shares
−26.24K
Strike price
Held after
0.00
Exercisable
—
3/15/2025
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Performance Stock Units (PSUs) Direct | Common Stock51.45K shares | 3/15/2024 | M · Option Exercise | −51.45K | — | 0.00 | |
| Performance Stock Units (PSUs) Direct | Common Stock26.24K shares | 3/15/2025 | M · Option Exercise | −26.24K | — | 0.00 |