Malone Craig 4

4 · ORBCOMM Inc. · Filed Sep 3, 2021

Form 4

Period: 2021-09-01

EVP of Product Development

Transactions

Disposition to Issuer
Stock Appreciation Right
2021-09-01$4.90/sh−18,000$88,200→ 0 total
Exercise: $6.60→ Common Stock (18,000 underlying)
Disposition to Issuer
Stock Appreciation Right
2021-09-01$8.77/sh−12,000$105,240→ 0 total
Exercise: $2.73→ Common Stock (12,000 underlying)
Disposition to Issuer
Stock Appreciation Right
2021-09-01$8.35/sh−5,000$41,750→ 0 total
Exercise: $3.15→ Common Stock (5,000 underlying)
Disposition to Issuer
Performance Right (Performance Unit Award)
2021-09-01−21,913→ 0 total
Exercise: $0.00→ Common Stock
Disposition to Issuer
Stock Appreciation Right
2021-09-01$7.97/sh−10,000$79,700→ 0 total
Exercise: $3.53→ Common Stock (10,000 underlying)
Disposition to Issuer
Stock Appreciation Right
2021-09-01$5.58/sh−18,000$100,440→ 0 total
Exercise: $5.92→ Common Stock (18,000 underlying)
Disposition to Issuer
Stock Appreciation Right
2021-09-01$7.30/sh−3,900$28,470→ 0 total
Exercise: $4.20→ Common Stock (3,900 underlying)
Disposition to Issuer
Restricted Stock Unit (Performance Vested)
2021-09-01−16,207→ 0 total
Exercise: $0.00→ Common Stock (16,207 underlying)
Disposition to Issuer
Common Stock
2021-09-01−91,403→ 0 total
Disposition to Issuer
Restricted Stock Unit (Time Vested)
2021-09-01−16,207→ 0 total
Exercise: $0.00→ Common Stock (16,207 underlying)
Disposition to Issuer
Stock Appreciation Right
2021-09-01$7.99/sh−5,000$39,950→ 0 total
Exercise: $3.51→ Common Stock (5,000 underlying)

Footnotes (5)

[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 stock appreciation right was canceled in exchange for a cash payment equal to the difference between $11.50 and the exercise price of the stock appreciation right.
[F3]Upon consummation of the Merger, each time-based restricted stock unit was cancelled in exchange for a cash payment equal to $11.50.
[F4]Upon consummation of the Merger, a number of performance-vesting restricted stock units equal to the "target" level was cancelled in exchange for a cash payment equal to $11.50 and any remaining performance-vesting restricted stock units were cancelled for no consideration.
[F5]Upon consummation of the Merger, these performance unit awards were cancelled in exchange for a cash payment equal to $252,000.

Documents

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