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Filing Details

Accession Number:: 0001209191-10-037946
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-07-09 13:00:00
Reporting Period:: 2010-07-07

Filing Date:: 2010-07-09
Accepted Time:: 2010-07-09 12:31:36
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
1467671	Brian Bell	C/O Orbcomm Inc. 2115 Linwood Avenue, Suite 100 Fort Lee NJ 07024	Evp, Sales	No	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	Disposition	2010-07-07	2,620	$1.75	20,713	No	4	S	Direct
Common Stock	Disposition	2010-07-07	100	$1.72	20,613	No	4	S	Direct
Common Stock	Disposition	2010-07-07	190	$1.72	20,423	No	4	S	Direct
Common Stock	Disposition	2010-07-07	1,300	$1.71	19,123	No	4	S	Direct
Common Stock	Disposition	2010-07-07	1,000	$1.69	18,123	No	4	S	Direct
Common Stock	Disposition	2010-07-07	300	$1.68	17,823	No	4	S	Direct
Common Stock	Disposition	2010-07-07	300	$1.67	17,523	No	4	S	Direct
Common Stock	Disposition	2010-07-07	1,716	$1.66	15,807	No	4	S	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Restricted Stock Unit (Time Vested)	46,667	Direct
Common Stock	23,333	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	$2.46			25,000	25,000	Direct
Common Stock	Stock Appreciation Right	$2.46			75,000	75,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	25,000	25,000	Direct
	75,000	75,000	Direct

Footnotes

Each Time Vested Restricted Stock Unit ("TV RSU") represents the right to receive one share of common stock. 23,333 TV RSUs vested on July 1, 2010, 23,333 TV RSUs will vest on July 1, 2011 and 23,334 TV RSUs will vest on July 1, 2012.
Includes 23,333 shares underlying TV RSUs that vested on July 1, 2010.
Pursuant to a 10b5-1 Sales Plan, Mr. Bell sold an aggregate of 7,526 shares of common stock to cover payment of tax liabilities incident to the vesting of 23,333 TV RSUs.
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 SAR awards vest 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. 25,000 of the TV SAR awards will vest 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.