SEC Form 4 · accession 0001209191-15-022577
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 2, 2015
Accepted (ET)
Mar 4, 2015 · 7:21 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $9.45 | Mar 2, 2015 | A | 149,253 | A | — | Mar 2, 2025 | Common Stock | 149,253 | 149,253 | D |
Explanation of responses
- F1These options shall vest and become exercisable as to 25% of the shares of common stock underlying the option on March 1, 2016 and quarterly thereafter in equal installments on June 1, September 1 and December 1 so that all shares of common stock underlying the option shall vest and become exercisable on March 1, 2019.