SEC Form 4 · accession 0001209191-18-059822
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew J Desch
Officer — Chief Executive Officer · Director
Period of report
Nov 19, 2018
Accepted (ET)
Nov 21, 2018 · 6:52 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 19, 2018 | M | 400,000 | $8.73 | A | 1,200,754 | D | |
| Common StockF2 | Nov 19, 2018 | S | 274,075 | $21.53 | D | 926,679 | 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)F3 | $8.73 | Nov 19, 2018 | M | 400,000 | D | — | Nov 19, 2019 | Common Stock | 400,000 | 0 | D |
Explanation of responses
- F1These sales were for the sole purpose of paying the exercise price of the option reported on Table II of this form and the associated tax withholding obligations.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.83, 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 (2) to this form Form 4.
- F3Of the shares underlying this option, one-quarter vested on November 19, 2010, and the remainder vested in quarterly installments through November 19, 2013.