4//SEC Filing
Milcos Constantine 4
Accession 0000899243-21-035057
CIK 0001361983other
Filed
Sep 2, 8:00 PM ET
Accepted
Sep 3, 6:18 AM ET
Size
16.9 KB
Accession
0000899243-21-035057
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Milcos Constantine
Sr. VP, Chief Acct Officer
Transactions
- Disposition to Issuer
Common Stock
2021-09-01−104,008→ 0 total - Disposition to Issuer
Stock Appreciation Right
2021-09-01$5.58/sh−6,100$34,038→ 0 totalExercise: $5.92→ Common Stock (6,100 underlying) - Disposition to Issuer
Restricted Stock Unit (Performance Vested)
2021-09-01−24,311→ 0 totalExercise: $0.00→ Common Stock (24,311 underlying) - Disposition to Issuer
Performance Right (Performance Unit Award)
2021-09-01−18,260→ 0 totalExercise: $0.00→ Common Stock - Disposition to Issuer
Stock Appreciation Right
2021-09-01$4.90/sh−6,100$29,890→ 0 totalExercise: $6.60→ Common Stock (6,100 underlying) - Disposition to Issuer
Restricted Stock Unit (Time Vested)
2021-09-01−24,311→ 0 totalExercise: $0.00→ Stock (24,311 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 $210,000.
Documents
Issuer
ORBCOMM Inc.
CIK 0001361983
Entity typeother
Related Parties
1- filerCIK 0001587912
Filing Metadata
- Form type
- 4
- Filed
- Sep 2, 8:00 PM ET
- Accepted
- Sep 3, 6:18 AM ET
- Size
- 16.9 KB