4//SEC Filing
Eisenberg Jerome B 4
Accession 0001140361-20-028518
CIK 0001361983other
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 6:32 PM ET
Size
13.1 KB
Accession
0001140361-20-028518
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Eisenberg Jerome B
Director
Transactions
- Sale
Common Stock
2020-12-11$6.70/sh−50,000$334,930→ 955,716 total - Sale
Common Stock
2020-12-14$6.96/sh−50,000$348,230→ 905,716 total - Sale
Common Stock
2020-12-15$6.57/sh−50,000$328,255→ 855,716 total
Holdings
- 24,449
Restricted Stock Unit (Time Vested)
Exercise: $0.00→ Common Stock (24,449 underlying) - 15,759(indirect: by Cynthia Eisenberg)
Common Stock
- 30,000
Stock Appreciation Right
Exercise: $8.58→ Common Stock (30,000 underlying)
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.35 to $6.795, inclusive. The reporting person undertakes to provide to ORBCOMM Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F2]Includes 1,073 and 1,064 shares of common stock acquired on May 31, 2020 and November 30, 2020, respectively, under the Company's 2016 Employee Stock Purchase Plan in transactions that were exempt under Rule 16b-3(c).
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.77 to $7.18, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.51 to $6.79, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F5]Each Time Vested Restricted Stock Unit ("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.
- [F6]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
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 6:32 PM ET
- Size
- 13.1 KB