SEC Form 4 · accession 0001209191-18-047763
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 20, 2018
Accepted (ET)
Aug 21, 2018 · 4:51 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 20, 2018 | M | 27,761 | $7.56 | A | 246,362 | D | |
| Common StockF1 | Aug 20, 2018 | S | 27,761 | $20.55 | D | 218,601 | 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 | $7.56 | Aug 20, 2018 | M | 27,761 | D | — | Mar 1, 2022 | Common Stock | 27,761 | 0 | D |
Explanation of responses
- F1Price reflected is the weighted-average sale price for shares sold. The range of sale prices for the transactions reported was $20.50 to $20.65 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2Immediately exercisable.