SEC Form 4 · accession 0001209191-18-057761
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
Nov 6, 2018
Accepted (ET)
Nov 8, 2018 · 4:54 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 Stock | Nov 6, 2018 | M | 74,701 | $6.08 | A | 292,235 | D | |
| Common StockF1 | Nov 6, 2018 | S | 74,701 | $20.45 | D | 217,534 | 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 | $6.08 | Nov 6, 2018 | M | 74,701 | D | — | Mar 1, 2023 | Common Stock | 74,701 | 0 | D |
Explanation of responses
- F1The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $20.38 to $20.55, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2Immediately exercisable.