SEC Form 4 · accession 0001209191-17-051709
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Kapalka
Officer — VP Iridium Satellite LLC
Period of report
Sep 1, 2017
Accepted (ET)
Sep 6, 2017 · 5:35 pm EDT
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 | $11.25 | Sep 1, 2017 | A | 50,000 | A | — | Sep 1, 2027 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F125% of the shares underlying the option shall vest on September 1, 2018 and the remainder shall vest in equal quarterly installments thereafter on each December 1, March 1, June 1 and September 1, so that all shares of common stock shall be vested as of September 1, 2021, subject to the reporting person's continuous service with the issuer as of each such vesting date.