Barros J. Darrel 4
4 · Iridium Communications Inc. · Filed Jan 8, 2013
Insider Transaction Report
Form 4
Barros J. Darrel
Director
Transactions
- Award
Common Stock
2013-01-04$6.86/sh+13,119.5$90,000→ 48,007.5 total
Footnotes (3)
- [F1]This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
- [F2]The shares underlying this restricted stock unit award vest in four equal quarterly installments on the last day of each calendar quarter during 2013, subject to the reporting person's continued service with the issuer as of the vesting date.
- [F3]The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of annual retainer fees of $90,000.