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4//SEC Filing

Shay Patrick A. 4

Accession 0001140361-12-049809

CIK 0001361983other
View on SEC.govCompany Profile

Filed

Dec 4, 7:00 PM ET

Accepted

Dec 5, 4:22 PM ET

Size

20.9 KB

Accession

0001140361-12-049809

Insider Transaction Report

Form 4
Period: 2012-12-03
ORBCOMM Inc.ORBC
Shay Patrick A.
EVP of Sales and Marketing
Transactions
  • Award

    Stock Appreciation Right

    2012-12-03+32,000→ 32,000 total
    Exercise: $3.38→ Common Stock (32,000 underlying)
  • Award

    Restricted Stock Unit (Performance vested)

    2012-12-03+30,000→ 30,000 total
  • Award

    Restricted Stock Unit (Performance vested)

    2012-12-03+16,000→ 16,000 total
  • Award

    Stock Appreciation Right

    2012-12-03+30,000→ 30,000 total
    Exercise: $3.38→ Common Stock (30,000 underlying)
Footnotes (4)
  • [F1]Each Performance Vested Restricted Stock Unit ("PV RSU") represents the right to receive one share of common stock. The PV RSU awards will vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2013.
  • [F2]Each PV RSU represents the right to receive one share of common stock. One-third of the PV RSU awards will vest based on the achievement by the employee and/or the Company of certain performance targets for each of fiscal years 2013, 2014 and 2015.
  • [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. The TV SAR awards will vest on January 1, 2014. The TV SAR awards expire on December 3, 2022 and have an exercise price of $3.38 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. One-third of the TV SAR awards will vest on each of December 3, 2013, 2014 and 2015. The TV SAR awards expire on December 3, 2022 and have an exercise price of $3.38 per share, the closing price of the common stock on the grant date.

Documents

2 files

Issuer

ORBCOMM Inc.

CIK 0001361983

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Entity typeother

Related Parties

1
  • filerCIK 0001563522

Filing Metadata

Form type
4
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 4:22 PM ET
Size
20.9 KB
View on SEC.gov