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Filing Details

Accession Number:: 0001140361-13-012921
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-03-18 14:27:32
Reporting Period:: 2013-03-14

Filing Date:: 2013-03-18
Accepted Time:: 2013-03-18 14:27:32
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
1368678	B Jerome Eisenberg	C/O Orbcomm Inc. 395 W Passaic Street, Suite 325 Rochelle Park NJ 07662		Yes	No	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	2013-03-14	4,302	$2.33	1,008,800	No	4	M	Direct
Common Stock	Disposition	2013-03-14	4,302	$5.02	1,004,498	No	4	S	Direct
Common Stock	Acquisiton	2013-03-15	15,410	$2.33	1,019,908	No	4	M	Direct
Common Stock	Disposition	2013-03-15	15,410	$5.00	1,004,498	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	2013-03-14	4,302	$0.00	148,743	$2.33
Common Stock	Stock Option (Right to Buy)	Disposition	2013-03-15	15,410	$0.00	133,333	$2.33

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
148,743	2005-03-31	2014-02-17	No	4	M	Direct
133,333	2005-03-31	2014-02-17	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	15,759	Indirect	by Cynthia Eisenberg
Restricted Stock Unit (Time Vested)	13,054	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			95,187	95,187	Direct
Common Stock	Stock Appreciation Right	$4.96			100,000	100,000	Direct
Common Stock	Stock Option (Right to Buy)	$2.78	2005-12-31	2014-02-17	33,334	33,334	Direct
Common Stock	Stock Option (Right to Buy)	$3.38	2006-12-31	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
	95,187	95,187	Direct
	100,000	100,000	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 $5.05, 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 ranges set forth in footnotes (2) and (3) to this Form 4.
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 $5.02, inclusive.
Each time vested Restricted Stock Unit ("RSU") represents the right to receive one share of common stock. The RSUs vest on January 1, 2014.
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 of the PV SAR. The PV SARs are fully vested, expire in October 2016 and have an exercise price equal to the initial public offering price of $11.00 per share.
Each Time Vested Stock Appreciation Right ("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. The TV SAR awards are fully vested, expire in March 2018 and have an exercise price of $4.96 per share, the closing price of the common stock on the grant date.
33,334 Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014
33,334 Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.
33,334 Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.
33,334 Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.