Gibson Denise W. 4
4 · ORBCOMM Inc. · Filed Oct 3, 2018
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Gibson Denise W.
Director
Transactions
- Award
Restricted Stock Unit (Time Vested)
2018-10-01+2,316→ 2,316 totalExercise: $0.00→ Common Stock (2,316 underlying)
Footnotes (1)
- [F1]Each Time Vested Restricted Stock Unit ("TV RSU") represents the right to receive one share of ORBCOMM Inc. common stock or its cash equivalent. The number of TV RSUs was determined by dividing $100,000 by the closing price of ORBCOMM Inc. common stock on October 1, 2018 of $10.88 per share, pro-rated for the number of days between Ms. Gibson's election to the Board of Directors on October 1, 2018 and December 31, 2018. The TV RSUs vest on January 1, 2019.