Kelleher Timothy 4
4 · ORBCOMM Inc. · Filed Jan 5, 2021
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Kelleher Timothy
Director
Transactions
- Exercise/Conversion
Common Stock
2021-01-01+24,449→ 151,348 total - Exercise/Conversion
Restricted Stock Unit (Time Vested)
2021-01-01−24,449→ 0 totalExercise: $0.00→ Common Stock (24,449 underlying) - Award
Restricted Stock Unit (Time Vested)
2021-01-04+14,598→ 14,598 totalExercise: $0.00→ Common Stock (14,598 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, all of which vested on January 1, 2021.
- [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 4, 2021 of $6.85 per share. The TV RSUs vest on January 1, 2022.