SEC Form 4 · accession 0001140361-18-000893
ORBCOMM Inc. · ORBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary H Ritondaro
Director
Period of report
Jan 1, 2018
Accepted (ET)
Jan 4, 2018 · 6:16 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 1, 2018 | M | 9,324 | $0.00 | A | 111,718 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (Time Vested)F1 | $0.00 | Jan 1, 2018 | M | 9,324 | D | — | — | Common Stock | 9,324 | 0 | D |
| Restricted Stock Unit (Time Vested)F2 | $0.00 | Jan 2, 2018 | A | 7,790 | A | — | — | Common Stock | 7,790 | 7,790 | D |
Explanation of responses
- F1Shares of ORBCOMM Inc. common stock underlying Time Vested Restricted Stock Units ("TV RSUs") that vested on January 1, 2018.
- F2Each TV RSU represents the right to receive one share of common stock or its cash equivalent. The number of TV RSUs was determined by dividing $80,000 by the closing price of ORBCOMM Inc. common stock on January 2, 2018 of $10.27 per share. The TV RSUs vest on January 1, 2019.