McCaffery Stephen J. 4/A
4/A · Ribbon Communications Inc. · Filed Mar 22, 2021
Insider Transaction Report
Form 4/AAmended
McCaffery Stephen J.
EVP, Global Sales
Transactions
- Award
Performance-Based Restricted Stock Units (PSUs)
2021-03-15+13,939→ 13,939 total→ Common Stock (13,939 underlying)
Footnotes (2)
- [F1]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 achievement of a revenue goal set by the Compensation Committee of the Issuer's Board of Directors for the fiscal year ending December 31, 2021. The aggregate number of shares issued may range from zero shares to 200% of the target number of shares reported in columns 5, 7 and 9 of Table II. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance. This PSU will vest on 3/15/2022.
- [F2]On March 17, 2021, the reporting person filed a Form 4 that, due to a mathematical error, inadvertently reported an inaccurate number of target shares in columns 5, 7 and 9.