SEC Form 4 · accession 0001209191-18-002763
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
A B Krongard
Director
Period of report
Jan 4, 2018
Accepted (ET)
Jan 8, 2018 · 5:57 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,F2,F3 | Jan 4, 2018 | A | 9,205 | $0.00 | A | 158,993 | D | |
| Common StockF1,F2,F4 | Jan 4, 2018 | A | 6,067 | $11.95 | A | 165,060 | D | |
| Common StockF5 | holding | — | — | — | 160,983 | I | By Krongard Irrevocable Equity Trust dated June 30, 2009 |
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.
- F2The shares underlying this restricted stock unit award vest on January 4, 2019, 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.
- F4The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of (i) annual cash retainer fees of $50,000, (ii) committee chair fees in the amount of $7,500, and (iii) government advisory committee fees of $15,000.
- F5These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.