SEC Form 4 · accession 0001209191-19-002829
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric T Olson
Director
Period of report
Jan 4, 2019
Accepted (ET)
Jan 8, 2019 · 5:03 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, 2019 | A | 6,510 | $0.00 | A | 101,043 | D | |
| Common StockF1,F2,F4 | Jan 4, 2019 | A | 3,646 | $19.20 | A | 104,689 | D |
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, 2020, 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 member fees of $5,000, and (iii) government advisory committee fees of $15,000.