Gould Karen O. 4
4 · ORBCOMM Inc. · Filed Sep 3, 2021
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Gould Karen O.
Director
Transactions
- Disposition to Issuer
Restricted Stock Units (Time Vested)
2021-09-01−14,598→ 0 totalExercise: $0.00→ Common Stock (14,598 underlying) - Disposition to Issuer
Common Stock
2021-09-01−42,534→ 0 total
Footnotes (2)
- [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 time-based restricted stock unit was cancelled in exchange for a cash payment equal to $11.50.