4//SEC Filing
Eisenberg Jerome B 4
Accession 0001140361-19-000310
CIK 0001361983other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 7:27 PM ET
Size
15.2 KB
Accession
0001140361-19-000310
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Eisenberg Jerome B
Director
Transactions
- Exercise/Conversion
Restricted Stock Unit (Time Vested)
2019-01-01−7,790→ 0 totalExercise: $0.00→ Common Stock (7,790 underlying) - Exercise/Conversion
Common Stock
2019-01-01+7,790→ 930,545 total - Exercise/Conversion
Common Stock
2019-01-01+2,109→ 922,755 total - Exercise/Conversion
Restricted Stock Unit (Time Vested)
2019-01-01−2,109→ 0 totalExercise: $0.00→ Common Stock (2,109 underlying) - Award
Restricted Stock Unit (Time Vested)
2019-01-02+11,750→ 11,750 totalExercise: $0.00→ Common Stock (11,750 underlying)
Holdings
- 30,000
Stock Appreciation Right
Exercise: $8.58→ Common Stock (30,000 underlying) - 15,759(indirect: by Cynthia Eisenberg)
Common Stock
Footnotes (4)
- [F1]Each Time Vested Restricted Stock Unit ("TV RSU") represented the right to receive one share of common stock or its cash equivalent. The number of TV RSUs was determined by dividing $20,000 by the closing price of ORBCOMM Inc. ("Company") common stock on August 1, 2018 of $9.48 per share. The TV RSUs vested on January 1, 2019.
- [F2]Each TV RSU represented 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 Company common stock on January 2, 2018 of $10.27 per share. The TV RSUs vested on January 1, 2019.
- [F3]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 $100,000 by the closing price of Company common stock on January 2, 2019 of $8.51 per share. The TV RSUs vest on January 1, 2020.
- [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 Company common stock from the date of grant of the TV SAR (January 3, 2017) to the date of exercise of the TV SAR. One-half of the 30,000 TV SAR awards vested on January 1, 2018 and the other half vested on March 31, 2018. The TV SAR awards expire on January 3, 2027 and have an exercise price of $8.58 per share, the closing price of the common stock on the grant date.
Documents
Issuer
ORBCOMM Inc.
CIK 0001361983
Entity typeother
Related Parties
1- filerCIK 0001368678
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 7:27 PM ET
- Size
- 15.2 KB