Baralonco Ltd 4
4 · Iridium Communications Inc. · Filed May 17, 2019
Insider Transaction Report
Form 4
Baralonco Ltd
10% Owner
Transactions
- Conversion
Common Stock
2019-05-15+669,120→ 13,599,230 total - Conversion
6.75% Series B Cumulative Perpetual Convertible Preferred St
2019-05-15−20,000→ 0 totalFrom: 2014-05-14→ Common Stock (669,120 underlying)
Footnotes (3)
- [F1]The Issuer caused the mandatory conversion of 6.75% Series B Cumulative Perpetual Convertible Preferred Stock into shares of Common Stock on May 15, 2019, at a conversion price of approximately $7.47 per share (equivalent to a conversion rate of 33.456 shares of Common Stock for each share of 6.75% Series B Cumulative Perpetual Convertible Preferred Stock). Upon the mandatory conversion of such Convertible Stock, accrued and unpaid dividends were paid in cash by the Issuer.
- [F2]These securities have no stated expiration date.
- [F3]This Form 4 is a joint filing with the sole owner of Baralonco Limited, Khalid bin Abdullah bin Abdulrahman, at the same business address. The joint filer is the indirect owner of the same shares as to which Baralonco Limited is the direct owner.