4//SEC Filing
ORBCOMM Inc. 4
Accession 0001140361-13-046372
CIK 0001361983operating
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 7:46 PM ET
Size
13.5 KB
Accession
0001140361-13-046372
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Shay Patrick A.
EVP of Sales and Marketing
Transactions
- Award
Stock Appreciation Right
2013-12-12+18,000→ 18,000 totalExercise: $5.92→ Common Stock (18,000 underlying) - Award
Restricted Stock Unit (Performance vested)
2013-12-12+6,000→ 6,000 total
Holdings
- 16,000
Restricted Stock Unit (Performance vested)
- 20,000
Restricted Stock Unit (Time vested)
- 30,000
Stock Appreciation Right
Exercise: $3.38→ Common Stock (30,000 underlying) - 5,800
Common Stock
- 32,000
Stock Appreciation Right
Exercise: $3.38→ Common Stock (32,000 underlying)
Footnotes (6)
- [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 ORBCOMM Inc. (the "Company") of certain performance targets for fiscal year 2014.
- [F2]Each 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.
- [F3]Each Time Vested Restricted Stock Unit ("TV RSU") represents the right to receive one share of common stock. One-third of the original 30,000 TV RSU awards vested on December 3, 2013. The remaining two-thirds of the TV RSU awards will vest in equal installments on each of December 3, 2014 and December 3, 2015.
- [F4]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, 2015. The TV SAR awards expire on December 12, 2023 and have an exercise price of $5.92 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. 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.
- [F6]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 original 30,000 TV SAR awards vested on December 3, 2013. The remaining two-thirds of the TV SAR awards will vest in equal installments on each of December 3, 2014 and December 3, 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
Issuer
ORBCOMM Inc.
CIK 0001361983
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001361983
Filing Metadata
- Form type
- 4
- Filed
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 7:46 PM ET
- Size
- 13.5 KB