Orbcomm Inc. (ORBC): Raging Capital Management Decreases Stake

Page 3 of 6 – SEC Filing
 
(ii)
Shared power to vote or to direct the vote
 
4,749,079 Shares
 
(iii)
Sole power to dispose or to direct the disposition of
 
0 Shares
 
(iv)
Shared power to dispose or to direct the disposition of
 
4,749,079 Shares
Mr. Martin
 
(a)
Amount beneficially owned:
 
4,749,079 Shares
 
(b)
Percent of class:
 
6.7% (based upon 70,986,705 Shares outstanding, which is the total number of Shares outstanding as of August 1, 2016 as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 4, 2016).
 
(c)
Number of shares as to which such person has:
 
(i)
Sole power to vote or to direct the vote
 
0 Shares
 
(ii)
Shared power to vote or to direct the vote
 
4,749,079 Shares
 
(iii)
Sole power to dispose or to direct the disposition of
 
0 Shares
 
(iv)
Shared power to dispose or to direct the disposition of
 
4,749,079 Shares
Item 5.
Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [  ].

Follow Orbcomm Inc. (NASDAQ:ORBC)