COSTANTINI ROBERT G 4

Accession 0001140361-11-014459

CIK 0001361983other

View on SEC.gov Company Profile

Filed

Mar 3, 7:00 PM ET

Accepted

Mar 4, 5:07 PM ET

Size

17.1 KB

Accession

0001140361-11-014459

Insider Transaction Report

Form 4

Period: 2011-03-02

ORBCOMM Inc.ORBC

COSTANTINI ROBERT G

Executive VP & CFO

Transactions

Award
Stock Appreciation Right
2011-03-02+25,000→ 25,000 total
Exercise: $3.65→ Common Stock (25,000 underlying)
Award
Common Stock
2011-03-02+9,321→ 132,479 total

Holdings

Stock Appreciation Right
Exercise: $2.46→ Common Stock (18,688 underlying)
18,688
Stock Appreciation Right
Exercise: $11.00→ Common Stock (66,667 underlying)
66,667
Stock Appreciation Right
Exercise: $4.96→ Common Stock (250,000 underlying)
250,000
Stock Appreciation Right
Exercise: $2.46→ Common Stock (75,000 underlying)
75,000
Stock Appreciation Right
Exercise: $11.00→ Common Stock (52,972 underlying)
52,972

Footnotes (8)

[F1]9,320 shares of common stock were granted to Mr. Costantini as partial payment of the discretionary portion of Mr. Costantini's performance-based annual bonus for 2010.
[F2]Includes 30,000 shares underlying Time Vested Restricted Stock Units ("TV RSU") that vested on January 1, 2011.
[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. One-third of the TV SAR awards vested on each of January 1, 2007, January 1, 2008 and January 1, 2009. The TV SARs expire on October 5, 2016 and have an exercise price equal to the initial public offering price of $11.00 per share.
[F4]Each 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. 50,000 of the TV SAR awards vested on December 31, 2008 and 100,000 of the TV SAR awards vested on each of December 31, 2009 and December 31, 2010. The TV SAR awards expire on March 31, 2018 and have an exercise price of $4.96 per share, the closing price of the common stock on the grant date.
[F5]Each 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 vested on December 31, 2010 and 25,000 TV SAR awards will vest on each of 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.
[F6]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. In March 2011, 18,688 PV SARs vested based on achievement of certain 2010 performance targets and 6,312 PV SARs lapsed unvested.
[F7]Each 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. One-third of the 66,667 PV SAR awards originally granted vest based on the achievement by the employee and/or the Company of certain performance targets for each of the fiscal years 2006, 2007 and 2008. The PV SARs expire on October 5, 2016 and have an exercise price equal to the initial offering price of $11.00 per share. In April 2007, 22,222 PV SARs vested based on achievement of certain 2006 performance targets. In March 2008, 14,444 PV SARs vested based on achievement of certain 2007 performance targets and 7,778 PV SARs lapsed unvested. In March 2009, 16,306 PV SARs vested based on achievement of certain 2008 performance targets and 5,917 PV SARs lapsed unvested.
[F8]Each 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 2011. The PV SARs expire on March 2, 2021 and have an exercise price of $3.65 per share, the closing price of the common stock on the grant date.

Documents

1 file

4
doc1.xmlPrimary
FORM 4

Issuer

ORBCOMM Inc.

CIK 0001361983

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Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001268735

Filing Metadata

Form type: 4
Filed: Mar 3, 7:00 PM ET
Accepted: Mar 4, 5:07 PM ET
Size: 17.1 KB

View on SEC.gov