SEC Form 4 · accession 0001140361-15-033117
ORBCOMM Inc. · ORBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Kelleher
Director
Period of report
Aug 19, 2015
Accepted (ET)
Aug 21, 2015 · 5:07 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 19, 2015 | S | 3,910,433 | $5.546 | D | 0 | I | by CalPERS Corporate Partners, LLC |
| Restricted Stock Unit (Time Vested)F2 | holding | — | — | — | 12,214 | D | ||
| Common Stock | holding | — | — | — | 57,723 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The manager of CalPERS Corporate Partners, LLC is KMCP Advisors II 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.
- F2Each 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.