Filing Details
- Accession Number:
- 0001140361-14-023713
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-05-30 14:44:55
- Reporting Period:
- 2014-05-29
- Filing Date:
- 2014-05-30
- Accepted Time:
- 2014-05-30 14:44:55
- 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 |
|---|---|---|---|---|---|---|---|
| 1587912 | Constantine Milcos | C/O Orbcomm Inc. 395 W Passaic Street, Suite 325 Rochelle Park NJ 07662 | Sr. Vp, Chief Acct Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2014-05-29 | 549 | $6.36 | 751 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Restricted Stock Unit (Performance Vested) | 4,000 | Direct | |
| Restricted Stock Unit (Performance Vested) | 3,000 | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Appreciation Right | $5.92 | 6,100 | 6,100 | Direct | ||
| Common Stock | Stock Appreciation Right | $5.14 | 24,000 | 24,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 6,100 | 6,100 | Direct | |
| 24,000 | 24,000 | Direct |
Footnotes
- The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting.
- Each Performance Vested Restricted Stock Unit ("PV RSUs") represents the right to receive one share of common stock. The PV RSU awards were previously reported as awarded on September 25, 2013 and will vest in two equal installments based on the achievement by the employee and/or ORBCOMM Inc. (the "Company") of certain performance targets for the fiscal years 2014 and 2015.
- Each PV RSU represents the right to receive one share of common stock. The PV RSU awards were previously reported as awarded on December 12, 2013 and will vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2014.
- 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. The TV SAR awards will vest on January 1, 2015. The TV SAR awards expire on December 12, 2023 and have an exercise price of $5.92 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 (September 25, 2013) to the date of exercise of the TV SAR. The TV SAR awards will vest on the first anniversary of their date of grant. The TV SAR awards expire on September 25, 2023 and have an exercise price of $5.14 per share, the closing price of the common stock on the grant date.
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