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Filing Details

Accession Number:: 0001140361-15-011386
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-03-11 17:44:25
Reporting Period:: 2015-03-09

Filing Date:: 2015-03-11
Accepted Time:: 2015-03-11 17:44:25
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-03-09	1,920	$0.00	2,671	No	4	A	Direct
Common Stock	Acquisiton	2015-03-09	2,888	$0.00	5,559	No	4	A	Direct
Common Stock	Acquisiton	2015-03-09	1,152	$5.75	4,407	No	4	S	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Restricted Stock Unit (Performance Vested)	3,000	Direct
Restricted Stock Unit (Performance Vested)	2,000	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Appreciation Right	$6.60	6,100	6,100	Direct
Common Stock	Stock Appreciation Right	$5.92	6,100	6,100	Direct
Common Stock	Stock Appreciation Right	$5.14	24,000	24,000	Direct

Amount	Remaning Holdings	Nature of Ownership
6,100	6,100	Direct
6,100	6,100	Direct
24,000	24,000	Direct

Footnotes

Represents the vesting of Performance Vested Restricted Stock Units ("PV RSUs"), each PV RSU representing the right to receive one share of common stock. On March 9, 2015, 1,920 of the first installment of the previously reported 4,000 PV RSU awards described in FN 6 attributable to performance targets for fiscal year 2014 vested based on the achievement by the employee and/or ORBCOMM Inc. (the "Company") of certain performance targets for fiscal year 2014 and 80 PV RSUs lapsed unvested.
Represents the vesting of PV RSUs, each PV RSU representing the right to receive one share of common stock. On March 9, 2015, 2,888 of the previously reported 3,000 PV RSU awards vested based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2014 and 112 PV RSUs lapsed unvested.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person to cover taxes applicable to the vesting of PV RSUs described in FN 1 and FN 2.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.72 to $5.80, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, 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 above.
Each PV RSU represents the right to receive one share of common stock. The PV RSU awards will vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2015.
Each PV RSUs represents the right to receive one share of common stock. 4,000 PV RSU awards were previously reported as awarded on September 25, 2013 and vest in two equal installments based on the achievement by the employee and/or the Company of certain performance targets for the fiscal years 2014 and 2015. The first installment vested as described in FN 1. The remaining 2000 RSUs shown represent the second installment.
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 dare of exercise of the TV SAR. The TV SAR awards will vest on January 1, 2016. The TV SAR awards expire on December 17, 2024 and have an exercise price of $6.60 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, 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.