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Filing Details

Accession Number:: 0001140361-13-012433
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-03-14 14:23:49
Reporting Period:: 2013-03-12

Filing Date:: 2013-03-14
Accepted Time:: 2013-03-14 14:23:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1361983	Orbcomm Inc.	ORBC	Communications Services, Nec (4899)	412118289

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1373773	Marc Eisenberg	C/O Orbcomm Inc. 395 W Passaic Street, Suite 325 Rochelle Park NJ 07662	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-03-12	11,920	$2.33	188,100	No	4	M	Direct
Common Stock	Disposition	2013-03-12	11,920	$5.00	176,180	No	4	S	Direct
Common Stock	Acquisiton	2013-03-13	1,800	$2.33	177,980	No	4	M	Direct
Common Stock	Disposition	2013-03-13	1,800	$5.00	176,180	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2013-03-12	11,920	$0.00	134,747	$2.33
Common Stock	Stock Option (Right to Buy)	Disposition	2013-03-13	1,800	$0.00	132,947	$2.33

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
134,747	2005-03-31	2014-02-17	No	4	M	Direct
132,947	2005-03-31	2014-02-17	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Restricted Stock Unit (Performance Vested)	40,000	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Appreciation Right	$11.00			82,973	82,793	Direct
Common Stock	Stock Appreciation Right	$2.46			36,500	36,500	Direct
Common Stock	Stock Appreciation Right	$2.46			150,000	150,000	Direct
Common Stock	Stock Appreciation Right	$4.96			425,000	425,000	Direct
Common Stock	Stock Appreciation Right	$3.65			82,500	82,500	Direct
Common Stock	Stock Appreciation Right	$2.74			100,000	100,000	Direct
Common Stock	Stock Appreciation Right	$3.53			80,000	80,000	Direct
Common Stock	Stock Option (Right to Buy)	$2.78	2005-03-31	2014-02-17	33,334	33,334	Direct
Common Stock	Stock Option (Right to Buy)	$3.38	2005-12-31	2014-02-17	33,334	33,334	Direct
Common Stock	Stock Option (Right to Buy)	$4.26	2006-12-31	2014-02-17	33,334	33,334	Direct
Common Stock	Stock Option (Right to Buy)	$2.33	2007-12-31	2014-02-17	33,334	33,334	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	82,973	82,793	Direct
	36,500	36,500	Direct
	150,000	150,000	Direct
	425,000	425,000	Direct
	82,500	82,500	Direct
	100,000	100,000	Direct
	80,000	80,000	Direct
2014-02-17	33,334	33,334	Direct
2014-02-17	33,334	33,334	Direct
2014-02-17	33,334	33,334	Direct
2014-02-17	33,334	33,334	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.03, inclusive. The reporting person undertakes to provide to ORBCOMM Inc., any security holder of ORBCOMM Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
Each Performance Vested Restricted Stock Unit ("PV RSU") represents the right to receive one share of common stock. The PV RSU awards vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2013.
The options for common stock ("Options") were issued on February 17, 2004, are fully vested and expire on February 17, 2014.
Each Performance Vested Stock Appreciation Right ("PV SAR") represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the PV SAR to the date of exercise. One-third of the 130,000 PV SAR awards originally granted was to vest based on the achievement by the employee and/or ORBCOMM Inc. (the "Company") of certain performance targets for each of the fiscal years 2006, 2007 and 2008. The PV SARs expire on October 5, 2016 and have an exercise price equal to the initial offering price of $11.00 per share.
Each PV SAR represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the PV SAR to the date of exercise of the PV SAR. The PV SAR awards vested based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2010. The PV SARs expire on March 3, 2020 and have an exercise price of $2.46 per share, the closing price of the common stock on the grant date.
Each Time Vested Stock Appreciation Right ("TV SAR") represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. 50,000 of the TV SAR awards vested on each of December 31, 2010, December 31, 2011 and December 31, 2012. The TV SAR awards expire on March 3, 2020 and have an exercise price of $2.46 per share, the closing price of the common stock on the grant date.
Each TV SAR represents the right to receive payment measured by the increase in the fair market value of one share of common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. 125,000 of the TV SAR awards vested on December 31, 2008 and 150,000 of the TV SAR awards vested on each of December 31, 2009 and December 31, 2010. The TV SAR awards expire on March 31, 2018 and have an exercise price of $4.96 per share, the closing price of the common stock on the grant date.
Each PV SAR represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the PV SAR to the date of exercise of the PV SAR. One half of the 100,000 PV SAR awards originally granted vested based on the achievement by the employee and/or the Company of certain performance targets for each of the fiscal years 2011 and 2012. The PV SARs expire on March 2, 2021 and have an exercise price of $3.65 per share, the closing price of the common stock on the grant date. In March 2012, 32,500 PV SARs vested based on achievement of certain 2011 performance targets and 17,500 PV SARs lapsed unvested. (Note: The original Form 4 filing on March 4, 2011 incorrectly reported only the portion of the PV SAR award relating to 2011 performance targets. The number of PV SARs shown on this Form 4 includes the portion of the PV SAR award relating to 2012 performance targets as well.)
Each TV SAR represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. The TV SAR awards vested on December 31, 2011. The TV SAR awards expire on October 26, 2021 and have an exercise price of $2.74 per share, the closing price of the common stock on the grant date.
Each TV SAR represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. The TV SAR awards will vest on January 1, 2014. The TV SAR awards expire on October 24, 2022 and have an exercise price of $3.53 per share, the closing price of the common stock on the grant date.
The Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.
The Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.
The Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.
The Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.