ORBCOMM Inc. 4
4 · ORBCOMM Inc. · Filed Jan 5, 2017
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
RITONDARO GARY H
Director
Transactions
- Award
Restricted Stock Unit (Time Vested)
2017-01-03+9,324→ 9,324 totalExercise: $0.00→ Common Stock (9,324 underlying)
Holdings
- 102,394
Common Stock
Footnotes (2)
- [F1]Includes 10,989 shares of common stock underlying Time Vested Restricted Stock Units ("TV RSUs") that vested on January 1, 2017.
- [F2]Each TV RSU represents the right to receive one share of common stock or its cash equivalent. The number of TV RSUs was determined by dividing $80,000 by the closing price of ORBCOMM Inc. common stock on January 3, 2017 of $8.58 per share. The TV RSUs vest on January 1, 2018.