SEC Form 4 · accession 0001209191-15-003183
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert H Niehaus
Director
Period of report
Jan 6, 2015
Accepted (ET)
Jan 8, 2015 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001418819
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2,F1 | $9.18 | Jan 6, 2015 | A | 38,355 | A | — | Jan 6, 2025 | Common Stock | 38,355 | 38,355 | D |
Explanation of responses
- F1The shares underlying this option vest in four equal quarterly installments on the last day of each calendar quarter during 2015, subject to the reporting person's continued service with the issuer.
- F2This stock option was issued to the reporting person as compensation for services as a director pursuant to the issuer's director compensation plan in lieu of annual retainer fees in the amount of $90,000 and committee chair fees in the amount of $50,000.