SEC Form 4 · accession 0001209191-15-059387
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Henrik O. Schliemann
Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 2:57 pm EDT
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 StockF1,F2,F3 | Jul 1, 2015 | A | 7,492 | $9.01 | A | 7,492 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
- F22,497.20 of the shares underlying this restricted stock unit award vested on July 1, 2015 and the remainder shall vest in two equal quarterly installments on September 30, 2015 and December 31, 2015, subject to the reporting person's continued service with the issuer.
- F3The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of annual retainer fees of $67,500.