4//SEC Filing
Bell Brian 4
Accession 0001209191-10-037946
CIK 0001361983other
Filed
Jul 8, 8:00 PM ET
Accepted
Jul 9, 12:31 PM ET
Size
20.1 KB
Accession
0001209191-10-037946
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Bell Brian
EVP, Sales
Transactions
- Sale
Common Stock
2010-07-07$1.69/sh−1,000$1,690→ 18,123 total - Sale
Common Stock
2010-07-07$1.71/sh−1,300$2,223→ 19,123 total - Sale
Common Stock
2010-07-07$1.67/sh−300$501→ 17,523 total - Sale
Common Stock
2010-07-07$1.66/sh−1,716$2,849→ 15,807 total - Sale
Common Stock
2010-07-07$1.75/sh−2,620$4,585→ 20,713 total - Sale
Common Stock
2010-07-07$1.72/sh−100$172→ 20,613 total - Sale
Common Stock
2010-07-07$1.68/sh−300$504→ 17,823 total - Sale
Common Stock
2010-07-07$1.72/sh−190$327→ 20,423 total
Holdings
- 23,333
Common Stock
- 25,000
Stock Appreciation Right
Exercise: $2.46→ Common Stock (25,000 underlying) - 46,667
Restricted Stock Unit (Time Vested)
- 75,000
Stock Appreciation Right
Exercise: $2.46→ Common Stock (75,000 underlying)
Footnotes (5)
- [F1]Each Time Vested Restricted Stock Unit ("TV RSU") represents the right to receive one share of common stock. 23,333 TV RSUs vested on July 1, 2010, 23,333 TV RSUs will vest on July 1, 2011 and 23,334 TV RSUs will vest on July 1, 2012.
- [F2]Includes 23,333 shares underlying TV RSUs that vested on July 1, 2010.
- [F3]Pursuant to a 10b5-1 Sales Plan, Mr. Bell sold an aggregate of 7,526 shares of common stock to cover payment of tax liabilities incident to the vesting of 23,333 TV RSUs.
- [F4]Each Performance Vested Stock Appreciation Right ("PV SAR") represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the PV SAR to the date of exercise of the PV SAR. The PV SAR awards vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2010. The PV SARs expire on March 3, 2020 and have an exercise price of $2.46 per share, the closing price of the common stock on the grant date.
- [F5]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 common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. 25,000 of the TV SAR awards will vest on each of December 31, 2010, December 31, 2011 and December 31, 2012. The TV SAR awards expire on March 3, 2020 and have an exercise price of $2.46 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 0001467671
Filing Metadata
- Form type
- 4
- Filed
- Jul 8, 8:00 PM ET
- Accepted
- Jul 9, 12:31 PM ET
- Size
- 20.1 KB