SEC Form 4/A · accession 0001140361-15-011384
ORBCOMM Inc. · ORBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Timothy Kelleher
Director
Period of report
Jan 2, 2015
Accepted (ET)
Mar 11, 2015 · 5:40 pm EDT
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 | — | — | — | 3,910,433 | I | by CalPERS Corporate Partners, 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.
- F3In May 2014, KMCP Satellite Investments LLC (formerly PCG Satellite Investments LLC) distributed 4,116,383 shares of common stock pro rata to its members, including 3,910,433 shares to its managing member, CalPERS Corporate Partners, LLC, whose manager is KMCP Advisors II LLC. Following such distribution, CalPERS Corporate Partners, LLC does not have any beneficial ownership of the shares of common stock held by the other members of KMCP Satellite Investments LLC. Timothy Kelleher is a Managing Partner of KMCP Advisors II LLC. Mr. Kelleher disclaims beneficial ownership of the shares held by CalPERS Corporate Partners, LLC except to the extent of his pecuniary interest therein.
Remarks
Explanatory Note: This amendment does not amend the information relating to the grant of time vested Restricted Stock Units to Mr. Kelleher reported on the original Form 4, but only updates the information relating to Mr. Kelleher's indirect beneficial ownership of common stock through CalPERS Corporate Partners, LLC.