SEC Form 4 · accession 0001140361-15-000657
ORBCOMM Inc. · ORBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Timothy Kelleher
Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2015 · 10:59 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001361983
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (Time Vested)F1 | Jan 2, 2015 | A | 12,214 | — | A | 12,214 | D | |
| Common StockF2 | holding | — | — | — | 57,723 | D | ||
| Common StockF3 | holding | — | — | — | 4,116,383 | I | by KMCP Satellite Investments LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each time vested Restricted Stock Unit ("RSU") represents the right to receive one share of common stock. The number of RSUs was determined by dividing $80,000 by the closing price of ORBCOMM Inc. common stock on January 2, 2015 of $6.55 per share. The RSUs vest on January 1, 2016.
- F2Includes 8,051 shares underlying time vested RSUs that vested on January 1, 2015.
- F3The managing member of KMCP Satellite Investments LLC (formerly PCG Satellite Investments LLC) is CalPERS Corporate Partners, LLC, whose manager is KMCP Advisors II LLC. Timothy Kelleher is a Managing Partner of KMCP Advisors II LLC, which is an affiliate of KMCP Satellite Investments LLC. Mr. Kelleher disclaims beneficial ownership of the shares held by KMCP Satellite Investments LLC except to the extent of his pecuniary interest therein.