SEC Form 4 · accession 0001209191-15-064443
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
Aug 4, 2015
Accepted (ET)
Aug 6, 2015 · 6:10 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 | Aug 4, 2015 | P | 14,000 | $7.16 | A | 398,484 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.75% Series B Cumulative Perpetual Convertible PreferredF4,F2,F3 | $7.47 | Aug 4, 2015 | P | 100 | A | — | — | Common Stock | 3,346 | 700 | D |
| 6.75% Series B Cumulative Perpetual Convertible PreferredF2,F3 | $7.47 | Aug 4, 2015 | P | 100 | A | — | — | Common Stock | 3,346 | 800 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.09 to $7.20, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this form Form 4.
- F2Subject to adjustment upon the occurence of certain events set forth in the Issuer's Certificate of Designations for the 6.75% Series B Cumulative Perpetual Convertible Preferred Stock, which is included as Exhibit 3.1 with the Issuer's Registration Statement on Form 8-A, as filed with the Securities and Exchange Commission on May 14, 2014.
- F3The shares are convertible at any time into shares of the Issuer's common stock at a conversion rate of 33.456 shares of common stock per $250 liquidation preference, which is equivalent to an initial conversion price of approximately $7.47 per share of common stock (subject to adjustment in certain events). There is no expiration date.
- F4The price reported in Column 4 is a weighted average price. These shares were purchased in several transactions at prices ranging from $272.19 - $273.19, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (4) to this form Form 4.