SEC Form 4 · accession 0001209191-19-016424
Iridium Communications Inc. · IRDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Suzanne E. McBride
Officer — Chief Operations Officer
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 4:12 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 | Mar 1, 2019 | A | 12,958 | $0.00 | A | 21,227 | 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 | $23.15 | Mar 1, 2019 | A | 79,207 | A | — | Mar 1, 2029 | Common Stock | 79,207 | 79,207 | D |
Explanation of responses
- F1These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this restricted stock unit award, 25% shall vest on March 1, 2020 and the remainder shall vest in equal quarterly installments thereafter on each June 1, September 1, December 1 and March 1, so that all shares of common stock shall be vested as of March 1, 2023, subject to the reporting person's continuous service with the issuer as of each such vesting date.
- F2These options shall vest and become exercisable as to 25% of the shares of common stock underlying the option on March 1, 2020 and quarterly thereafter in equal installments on June 1, September 1 and December 1 so that all shares of common stock underlying the option shall vest and become exercisable on March 1, 2023.