Iridium Communications Inc. 4
4 · Iridium Communications Inc. · Filed Jan 8, 2016
Insider Transaction Report
Form 4
Rush Parker William
Director
Transactions
- Award
Common Stock
2016-01-06+10,856.4→ 158,692.9 total - Award
Common Stock
2016-01-06$8.29/sh+5,428.2$45,000→ 164,121.1 total
Footnotes (4)
- [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 2016, subject to the reporting person's continued service with the issuer.
- [F3]The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan.
- [F4]The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of (i) annual cash retainer fees of $25,000 and (ii) committee chair fees in the amount of $20,000.