SEC Form 4 · accession 0001140361-16-046886
ORBCOMM Inc. · ORBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Didier J Delepine
Director
Period of report
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 4:01 pm 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 4, 2016 | A | 10,989 | — | A | 10,989 | D | |
| Common StockF2 | holding | — | — | — | 91,405 | D |
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 4, 2016 of $7.28 per share. The RSUs vest on January 1, 2017.
- F2Includes 12,214 shares underlying time vested RSUs that vested on January 1, 2016.