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Filing Details

Accession Number:: 0001140361-17-000952
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-01-06 14:23:29
Reporting Period:: 2017-01-05

Filing Date:: 2017-01-06
Accepted Time:: 2017-01-06 14:23:29
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2017-01-05	1,180	$8.49	9,926	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)	2,949	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Unit (Performance Vested)	$0.00	2,183	2,183	Direct
Common Stock	Restricted Stock Unit (Time Vested)	$0.00	2,184	2,184	Direct
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
2,183	2,183	Direct
2,184	2,184	Direct
6,100	6,100	Direct
6,100	6,100	Direct
24,000	24,000	Direct

Footnotes

The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person to cover taxes applicable to the vesting of Time Vested Restricted Stock Units ("TV RSUs") described in FN 2.
Includes 2,949 shares of common stock underlying TV RSUs that vested on January 1, 2017.
Each Performance Vested Restricted Stock Unit ("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 ORBCOMM Inc. (the "Company") of certain performance targets for fiscal year 2016.
Each PV RSU represents the right to receive one share of common stock or its cash equivalent. The PV RSU will vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2017.
Each TV RSU represents the right to receive one share of common stock or its cash equivalent on the vesting date, January 1, 2018.
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 vested on January 1, 2016. The TV SAR awards will 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 vested 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 vested on September 25, 2014. 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.