Milcos Constantine 4

4 · ORBCOMM Inc. · Filed Sep 3, 2021

Form 4

Period: 2021-09-01

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 total
Exercise: $5.92→ Common Stock (6,100 underlying)
Disposition to Issuer
Restricted Stock Unit (Performance Vested)
2021-09-01−24,311→ 0 total
Exercise: $0.00→ Common Stock (24,311 underlying)
Disposition to Issuer
Performance Right (Performance Unit Award)
2021-09-01−18,260→ 0 total
Exercise: $0.00→ Common Stock
Disposition to Issuer
Stock Appreciation Right
2021-09-01$4.90/sh−6,100$29,890→ 0 total
Exercise: $6.60→ Common Stock (6,100 underlying)
Disposition to Issuer
Restricted Stock Unit (Time Vested)
2021-09-01−24,311→ 0 total
Exercise: $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

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