SEC Form 4 · accession 0001209191-17-018698
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Scheimreif
Officer — EVP-Government Programs
Period of report
Mar 5, 2017
Accepted (ET)
Mar 7, 2017 · 4:04 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 StockF1 | Mar 5, 2017 | A | 26,560 | $0.00 | A | 110,515 | D | |
| Common StockF2 | Mar 5, 2017 | F | 9,641 | $8.30 | D | 100,874 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the vested portion of a performance-based restricted stock unit award based on the issuer's satisfaction of certain performance criteria. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 5, 2017.
- F2The 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 the restricted stock unit award reported in footnote (1) herein.