SEC Form 4 · accession 0001209191-15-021726
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew J Desch
Officer — Chief Executive Officer · Director
Period of report
Mar 1, 2015
Accepted (ET)
Mar 3, 2015 · 6:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001418819
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 1, 2015 | F | 746 | $9.58 | D | 284,965 | D | |
| Common StockF2 | Mar 2, 2015 | A | 50,489 | $0.00 | A | 335,454 | D | |
| Common Stock | Mar 2, 2015 | F | 8,313 | $9.45 | D | 327,141 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
- F2These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this restricted stock award, one-half vested on March 2, 2015 and the remainder will vest on March 1, 2016, subject to the reporting person's continuous service with the issuer as of the vesting date.
- F3The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of restricted stock units.