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Filing Details

Accession Number:: 0001209191-19-016420
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-03-05 16:11:14
Reporting Period:: 2019-03-01

Accepted Time:: 2019-03-05 16:11:14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1418819	Iridium Communications Inc.	IRDM	Communications Equipment, Nec (3669)	221344998

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1463487	Scott S. Smith	C/O Iridium Communications Inc. 1750 Tysons Boulevard, Suite 1400 Mclean VA 22102		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	Disposition	2019-03-01	2,942	$23.15	213,525	No	4	F	Direct
Common Stock	Disposition	2019-03-01	3,518	$23.15	210,007	No	4	F	Direct
Common Stock	Acquisiton	2019-03-01	24,158	$0.00	234,165	No	4	A	Direct
Common Stock	Disposition	2019-03-01	5,368	$23.15	228,797	No	4	F	Direct
Common Stock	Acquisiton	2019-03-04	11,967	$0.00	240,764	No	4	A	Direct
Common Stock	Disposition	2019-03-04	5,319	$22.90	235,445	No	4	F	Direct
Common Stock	Acquisiton	2019-03-04	2,500	$8.31	237,945	No	4	M	Direct
Common Stock	Disposition	2019-03-04	2,500	$22.86	235,445	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	F	Direct
No	4	F	Direct
No	4	A	Direct
No	4	F	Direct
No	4	A	Direct
No	4	F	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	Employee Stock Option (Right to Buy)	Disposition	2019-03-04	2,500	$0.00	2,500	$8.31

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2021-02-21	No	4	M	Direct

Footnotes

The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of a restricted stock unit award that previously vested with respect to one-half of the shares underlying the award on March 1, 2018. The amount being reported herein represents amounts withheld to satisfy tax withholding obligations in connection with the vesting and settlement of the remaining one-half on March 1, 2019.
These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this restricted stock award, one-half vested on March 1, 2019 and the remainder will vest on March 1, 2020, subject to the reporting person's continuous service with the issuer as of the vesting date.
The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (3) herein.
Represents the vested portion of a performance-based restricted stock unit award based on the issuer's satisfaction of certain performance criteria. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 4, 2019.
The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (5) herein.
These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2018.
The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $22.61 to $23.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Immediately exercisable.