SEC Form 4 · accession 0001209191-18-060946
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
Dec 1, 2018
Accepted (ET)
Dec 4, 2018 · 5:15 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 | Dec 1, 2018 | F | 1,067 | $23.88 | D | 216,467 | D | |
| Common Stock | Dec 3, 2018 | M | 3,500 | $8.31 | A | 219,967 | D | |
| Common Stock | Dec 3, 2018 | S | 3,500 | $24.08 | D | 216,467 | 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 | $8.31 | Dec 3, 2018 | M | 3,500 | D | — | Feb 21, 2021 | Common Stock | 3,500 | 44,500 | D |
Explanation of responses
- F1The transaction reported represents the non-discretionary withholding of shares to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
- F2These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2018.
- F3Immediately exercisable.