Eisenberg Jerome B 4

4 · ORBCOMM Inc. · Filed Sep 3, 2021

Form 4

Period: 2021-09-01

Director

Transactions

Disposition to Issuer
Stock Appreciation Right
2021-09-01−30,000→ 0 total
Exercise: $8.58→ Common Stock (30,000 underlying)
Disposition to Issuer
Common Stock
2021-09-01−880,165→ 0 total
Disposition to Issuer
Common Stock
2021-09-01−15,759→ 0 total(indirect: By Cynthia Eisenberg)
Disposition to Issuer
Restricted Stock Units (Time Based)
2021-09-01−14,598→ 0 total
Exercise: $0.00→ Common Stock (14,598 underlying)

Footnotes (3)

[F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among GI DI Orion Acquisition Inc., a Delaware corporation ("Parent"), GI DI Orion Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Parent, and ORBCOMM Inc., a Delaware corporation, in exchange for $11.50 per share upon the consummation of the transactions contemplated by the Merger Agreement (the "Merger"). The Merger closed on September 1, 2021.
[F2]Upon consummation of the Merger, each such option was canceled in exchange for a cash payment equal to the difference between $11.50 and the exercise price of the option.
[F3]Upon consummation of the Merger, each time-based restricted stock unit was cancelled in exchange for a cash payment equal to $11.50.

Documents

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