Fuchs Marco 4
4 · ORBCOMM Inc. · Filed Jan 3, 2020
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Fuchs Marco
Director
Transactions
- Award
Restricted Stock Unit (Time Vested)
2020-01-02+24,449→ 24,449 totalExercise: $0.00→ Common Stock (24,449 underlying)
Holdings
- 2,168,779(indirect: By OHB SE)
Common Stock
- 60,324(indirect: By ORBCOMM Deutschland A.G.)
Common Stock
Footnotes (2)
- [F1]Marco Fuchs, one of our directors, is Chief Executive Officer of OHB SE (formerly named OHB Technology A.G.), which owns ORBCOMM Deutschland A.G. Manfred Fuchs, Marco Fuchs and Christa Fuchs hold voting and investment power with regard to the shares held by OHB SE and ORBCOMM Deutschland A.G. Each of Manfred Fuchs, Marco Fuchs and Christa Fuchs disclaims beneficial ownership of the shares held by OHB SE and ORBCOMM Deutschland A.G. except to the extent of their respective pecuniary interest therein.
- [F2]Each Time Vested Restricted Stock Unit ("TV RSU") represents 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, 2020 of $4.09 per share. The TV RSUs vest on January 1, 2021.