Kelleher Timothy 4
4 · ORBCOMM Inc. · Filed Jan 3, 2020
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Kelleher Timothy
Director
Transactions
- Exercise/Conversion
Restricted Stock Unit (Time Vested)
2020-01-01−11,750→ 0 totalExercise: $0.00→ Common Stock (11,750 underlying) - Exercise/Conversion
Common Stock
2020-01-01+11,750→ 126,899 total - Award
Restricted Stock Unit (Time Vested)
2020-01-02+24,449→ 24,449 totalExercise: $0.00→ Common Stock (24,449 underlying)
Footnotes (2)
- [F1]Each Time Vested Restricted Stock Unit ("TV RSU") represented the right to receive one share of ORBCOMM Inc. ("Company") 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 vested on January 1, 2020.
- [F2]Each TV RSU represents the right to receive one share of Company 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, 2020 of $4.09 per share. The TV RSUs vest on January 1, 2021.