Bell Brian 4
4 · ORBCOMM Inc. · Filed Mar 5, 2010
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Bell Brian
EVP, Sales
Transactions
- Award
Stock Appreciation Right
2010-03-03+25,000→ 25,000 totalExercise: $2.46→ Common Stock (25,000 underlying) - Award
Stock Appreciation Right
2010-03-03+75,000→ 75,000 totalExercise: $2.46→ Common Stock (75,000 underlying)
Holdings
- 70,000
Restricted Stock Unit (Time Vested)
Footnotes (3)
- [F1]Each Time Vested Restricted Stock Unit ("TV RSU") represents the right to receive one share of common stock. The TV RSUs will vest in equal amounts on each of July 1, 2010, July 1, 2011 and July 1, 2012.
- [F2]Each Performance Vested Stock Appreciation Right ("PV SAR") represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the PV SAR to the date of exercise of the PV SAR. The PV SAR awards vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2010. The PV SARs expire on March 3, 2020 and have an exercise price of $2.46 per share, the closing price of the common stock on the grant date.
- [F3]Each Time Vested Stock Appreciation Right ("TV SAR") represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. 25,000 of the TV SAR awards will vest on each of December 31, 2010, December 31, 2011 and December 31, 2012. The TV SAR awards expire on March 3, 2020 and have an exercise price of $2.46 per share, the closing price of the common stock on the grant date.