Le Brun Christian 4

Accession 0000899243-21-035060

CIK 0001361983other

Filed

Sep 2, 8:00 PM ET

Accepted

Sep 3, 6:20 AM ET

Size

23.5 KB

Accession

0000899243-21-035060

Form 4

Period: 2021-09-01

EVP, General Counsel & Sec.

Transactions

Disposition to Issuer
Common Stock
2021-09-01−117,948→ 0 total
Disposition to Issuer
Stock Appreciation Right
2021-09-01$5.58/sh−23,000$128,340→ 0 total
Exercise: $5.92→ Common Stock (23,000 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
Stock Appreciation Right
2021-09-01$4.90/sh−23,000$112,700→ 0 total
Exercise: $6.60→ Common Stock (23,000 underlying)
Disposition to Issuer
Stock Appreciation Right
2021-09-01$8.08/sh−16,406$132,560→ 0 total
Exercise: $3.42→ Common Stock (16,406 underlying)
Disposition to Issuer
Stock Appreciation Right
2021-09-01$8.76/sh−50,000$438,000→ 0 total
Exercise: $2.74→ Common Stock (50,000 underlying)
Disposition to Issuer
Stock Appreciation Right
2021-09-01$7.97/sh−40,000$318,800→ 0 total
Exercise: $3.53→ Common Stock (40,000 underlying)
Disposition to Issuer
Performance Right (Performance Unit Award)
2021-09-01−20,739→ 0 total
Exercise: $0.00→ Common Stock
Disposition to Issuer
Restricted Stock Unit (Time Vested)
2021-09-01−16,207→ 0 total
Exercise: $0.00→ Common Stock (16,207 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 $238,500.

Documents

1 file

ORBCOMM Inc.

CIK 0001361983

Entity typeother