Hoffmann Hans E W 4
4 · ORBCOMM Inc. · Filed Feb 3, 2009
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Hoffmann Hans E W
Director
Transactions
- Award
Restricted Stock Unit (Time Vested)
2009-02-02+19,355→ 19,355 total
Holdings
- 63,667
Common Stock
Footnotes (2)
- [F1]Each time vested Restricted Stock Unit ("RSU") represents the right to receive one share of common stock. The number of RSUs was determined by dividing $30,000 by the closing price of ORBCOMM Inc. common stock on February 2, 2009 of $1.55 per share. The RSUs vest on January 1, 2010.
- [F2]Includes 5,263 shares underlying time vested RSUs that vested on January 1, 2009.