COSTANTINI ROBERT G 4

Accession 0001140361-12-044792

CIK 0001361983other

View on SEC.gov Company Profile

Filed

Oct 25, 8:00 PM ET

Accepted

Oct 26, 4:34 PM ET

Size

21.0 KB

Accession

0001140361-12-044792

Insider Transaction Report

Form 4

Period: 2012-10-24

ORBCOMM Inc.ORBC

COSTANTINI ROBERT G

Executive VP & CFO

Transactions

Award
Restricted Stock Unit (Performance Vested)
2012-10-24+25,000→ 25,000 total
Award
Srock Appreciation Rights
2012-10-24+50,000→ 50,000 total
Exercise: $3.53→ Common Stock (50,000 underlying)

Holdings

Stock Appreciation Right
Exercise: $2.46→ Common Stock (18,688 underlying)
18,688
Stock Appreciation Right
Exercise: $2.74→ Common Stock (50,000 underlying)
50,000
Common Stock
132,479
Stock Appreciation Right
Exercise: $3.65→ Common Stock (43,125 underlying)
43,125
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 (9)

[F1]Each Performance Vested Restricted Stock Unit ("PV RSU") represents the right to receive one share of common stock. The PV RSU awards vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2013.
[F2]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.
[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. 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.
[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. 25,000 of the TV SAR awards vested on each of December 31, 2010 and December 31, 2011, and 25,000 TV SAR awards will vest on 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.
[F5]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.
[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. 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.
[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 half of the 50,000 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 2011 and 2012. 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. In March 2012, 18,125 PV SARs vested based on achievement of certain 2011 performance targets and 6,875 PV SARs lapsed unvested. (Note: The original Form 4 filing on March 4, 2011 incorrectly reported only the portion of the PV SAR award relating to 2011 performance targets. The number of PV SARs shown on this Form 4 includes the portion of the PV SAR award relating to 2012 performance targets as well.)
[F8]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 vested 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.
[F9]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 January 1, 2014. The TV SAR awards expire on October 24, 2022 and have an exercise price of $3.53 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

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001268735

Filing Metadata

Form type: 4
Filed: Oct 25, 8:00 PM ET
Accepted: Oct 26, 4:34 PM ET
Size: 21.0 KB

View on SEC.gov