SEC Form 4 · accession 0001209191-19-013454
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
S. Scott Smith
Director
Period of report
Feb 25, 2019
Accepted (ET)
Feb 26, 2019 · 4:07 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 | Feb 25, 2019 | M | 3,500 | $8.31 | A | 219,967 | D | |
| Common StockF2 | Feb 25, 2019 | S | 3,500 | $21.55 | 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 | Feb 25, 2019 | M | 3,500 | D | — | Feb 21, 2021 | Common Stock | 3,500 | 2,500 | D |
Explanation of responses
- F1These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2018.
- F2The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $21.42 to $21.76, 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.
- F3Immediately exercisable.