MCCLELLAND BRUCE WILLIAM (President & CEO) 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: 4/19/2024ACC: 0001062993-24-008596
DirectorOfficer· President & CEO
Since Mar 2020
-69.75K
Net shares
Net seller
$182.0K
Total sold
0
Open market trades
0B · 0S
5
Total transactions
189.66K acquired · 259.41K disposed
Non-Derivative Transactions3
Common Stock
Direct
Shares
+68.84K
Price / share
—
Trade value
—
% of position
5.9%
4/17/2024
1.16M→1.23M
Common Stock
Direct
Shares
+120.82K
Price / share
—
Trade value
—
% of position
9.8%
4/17/2024
1.23M→1.35M
Common Stock
Direct
Shares
−69.75K
Price / share
$2.61
Trade value
$182.04K
% of position
5.2%
4/17/2024
1.35M→1.28M
Total
Net shares
+119.92K
Net value
-$182.04K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 4/17/2024 | M · Option Exercise | +68.84K | — | — | 5.9% | 1.16M | 1.23M |
| Common Stock Direct | 4/17/2024 | M · Option Exercise | +120.82K | — | — | 9.8% | 1.23M | 1.35M |
| Common Stock Direct | 4/17/2024 | F · Tax Withholding | −69.75K | $2.61 | $182.04K | 5.2% | 1.35M | 1.28M |
| Total | +119.92K | -$182.04K | ||||||
Derivative Transactions2
Restricted Stock Units (RSUs)
Direct
Converts to
Common Stock
68.84K shares
Shares
−68.84K
Strike price
Held after
137.68K
Exercisable
—
4/17/2024
Performance Share Units (PSUs)
Direct
Converts to
Common Stock
120.82K shares
Shares
−120.82K
Strike price
Held after
0.00
Exercisable
—
4/17/2024
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSUs) Direct | Common Stock68.84K shares | 4/17/2024 | M · Option Exercise | −68.84K | — | 137.68K | |
| Performance Share Units (PSUs) Direct | Common Stock120.82K shares | 4/17/2024 | M · Option Exercise | −120.82K | — | 0.00 |