SEC Form 4 · accession 0001209191-17-051067
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
S. Scott Smith
Officer — Chief Operating Officer · Director
Period of report
Aug 30, 2017
Accepted (ET)
Sep 1, 2017 · 5:22 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 Stock | Aug 30, 2017 | M | 135,000 | $8.39 | A | 309,000 | D | |
| Common StockF1 | Aug 30, 2017 | S | 135,000 | $10.51 | D | 174,000 | D |
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)F2 | $8.39 | Aug 30, 2017 | M | 135,000 | D | — | Apr 19, 2020 | Common Stock | 135,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.425 to $10.60, 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 sold at each separate price within the range set forth in footnote (1) to this Form 4.
- F2The option vested on April 19, 2011 with respect to one-quarter of the shares underlying the option, with the remainder vesting in twelve equal quarterly installments through April 19, 2014.