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4//SEC Filing

COSTANTINI ROBERT G 4

Accession 0001140361-11-050797

CIK 0001361983other
View on SEC.govCompany Profile

Filed

Oct 27, 8:00 PM ET

Accepted

Oct 28, 4:50 PM ET

Size

17.1 KB

Accession

0001140361-11-050797

Insider Transaction Report

Form 4
Period: 2011-10-26
ORBCOMM Inc.ORBC
COSTANTINI ROBERT G
Executive VP & CFO
Transactions
  • Award

    Stock Appreciation Right

    2011-10-26+50,000→ 50,000 total
    Exercise: $2.74→ Common Stock (50,000 underlying)
Holdings

  • Stock Appreciation Right

    Exercise: $11.00→ Common Stock (66,667 underlying)
    66,667

  • Stock Appreciation Right

    Exercise: $2.46→ Common Stock (75,000 underlying)
    75,000

  • Stock Appreciation Right

    Exercise: $2.46→ Common Stock (18,688 underlying)
    18,688

  • Stock Appreciation Right

    Exercise: $3.65→ Common Stock (25,000 underlying)
    25,000

  • Stock Appreciation Right

    Exercise: $11.00→ Common Stock (52,972 underlying)
    52,972

  • Common Stock

    132,479

  • Stock Appreciation Right

    Exercise: $4.96→ Common Stock (250,000 underlying)
    250,000
Footnotes (7)
  • [F1]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.
  • [F2]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.
  • [F3]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.
  • [F4]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 vested based on the achievement by the employee and/or ORBCOMM Inc. (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.
  • [F5]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 was to 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.
  • [F6]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.
  • [F7]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. The TV SAR awards will vest on December 31, 2011. The TV SAR awards expire on October 26, 2021 and have an exercise price of $2.74 per share, the closing price of the common stock on the grant date.

Documents

1 file

Issuer

ORBCOMM Inc.

CIK 0001361983

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Entity typeother
IncorporatedDE

Related Parties

1
  • filerCIK 0001268735

Filing Metadata

Form type
4
Filed
Oct 27, 8:00 PM ET
Accepted
Oct 28, 4:50 PM ET
Size
17.1 KB
View on SEC.gov