4//SEC Filing
COSTANTINI ROBERT G 4
Accession 0000893838-09-000107
CIK 0001361983other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 4:37 PM ET
Size
20.4 KB
Accession
0000893838-09-000107
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
COSTANTINI ROBERT G
Executive VP & CFO
Transactions
- Purchase
Common Stock
2009-05-18$1.62/sh+5,726$9,276→ 63,158 total - Purchase
Common Stock
2009-05-18$1.54/sh+1,374$2,116→ 55,332 total - Purchase
Common Stock
2009-05-18$1.61/sh+300$483→ 57,432 total - Purchase
Common Stock
2009-05-18$1.56/sh+100$156→ 57,132 total - Purchase
Common Stock
2009-05-18$1.53/sh+800$1,228→ 53,958 total - Purchase
Common Stock
2009-05-18$1.57/sh+300$471→ 57,032 total - Purchase
Common Stock
2009-05-18$1.54/sh+1,400$2,163→ 56,732 total
Holdings
- 60,000
Restricted Stock Unit (Time Vested)
- 52,972
Stock Appreciation Right
Exercise: $11.00→ Common Stock (52,972 underlying) - 250,000
Stock Appreciation Right
Exercise: $4.96→ Common Stock (250,000 underlying) - 66,667
Stock Appreciation Right
Exercise: $11.00→ Common Stock (66,667 underlying)
Footnotes (5)
- [F1]Includes 43,889 shares underlying Time Vested Restricted Stock Units ("TV RSU") that vested on January 1, 2009. Also includes 2,852 shares underlying Performance Vested Restricted Stock Units ("PV RSU") that vested in March 2009 based on achieving certain performance targets for fiscal year 2008. 1,037 PV RSUs lapsed unvested in March 2009.
- [F2]Each TV RSU represents the right to receive one share of common stock. 43,889 TV RSUs vested on January 1, 2009 and 30,000 TV RSUs will vest on each of January 1, 2010 and January 1, 2011.
- [F3]Each Time Vested Stock Appreciation Right ("TV SAR") represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. One-third of the TV SAR awards vested on each of January 1, 2007, January 1, 2008 and January 1, 2009. The TV SARs expire on October 5, 2016 and have an exercise price equal to the initial public offering price of $11.00 per share.
- [F4]Each TV SAR represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. 50,000 of the TV SAR awards vested on December 31, 2008 and 100,000 of the TV SAR awards will vest on each of December 31, 2009 and December 31, 2010. The TV SAR awards expire on March 31, 2018 and have an exercise price of $4.96 per share, the closing price of the common stock on the grant date.
- [F5]Each Performance Vested Stock Appreciation Right ("PV SAR") represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the PV SAR to the date of exercise of the PV SAR. One-third of the 66,667 PV SAR awards originally granted vest based on the achievement by the employee and/or the Company of certain performance targets for each of the fiscal years 2006, 2007 and 2008. The PV SARs expire on October 5, 2016 and have an exercise price equal to the initial offering price of $11.00 per share. In April 2007, 22,222 PV SARs vested based on achievement of certain 2006 performance targets. In March 2008, 14,444 PV SARs vested based on achievement of certain 2007 performance targets and 7,778 PV SARs lapsed unvested. In March 2009, 16,306 PV SARs vested based on achievement of certain 2008 performance targets and 5,917 PV SARs lapsed unvested.
Documents
Issuer
ORBCOMM Inc.
CIK 0001361983
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001268735
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 4:37 PM ET
- Size
- 20.4 KB