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Filing Details

Accession Number:: 0001209191-20-062076
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-12-07 20:43:19
Reporting Period:: 2020-12-04

Accepted Time:: 2020-12-07 20:43:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1418819	Iridium Communications Inc.	IRDM	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1178032	J Matthew Desch	C/O Iridium Communications Inc. 1750 Tysons Boulevard, Suite 1400 Mclean VA 22102	Chief Executive Officer	Yes	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	2020-12-04	10,865	$34.41	789,030	No	4	S	Direct
Common Stock	Disposition	2020-12-07	46,247	$34.64	742,783	No	4	S	Direct
Common Stock	Acquisiton	2020-12-07	18,598	$7.56	761,381	No	4	M	Direct
Common Stock	Disposition	2020-12-07	18,598	$34.90	742,783	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	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	2020-12-07	18,598	$0.00	18,598	$7.56

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
65,133		2022-03-01	No	4	M	Direct

Footnotes

These sales were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on October 27, 2020.
The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $34.40 - $34.455, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 in this footnote to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $34.40 - $34.88, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 in this footnote to this Form 4.
This exercise and subsequent sales were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on October 29, 2020.
The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $34.90 - $34.905, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 in this footnote to this Form 4.
This option is fully vested and exercisable. The option vested and became exercisable as to 25% of the shares of Common Stock underlying the option on March 1, 2013 and quarterly thereafter in equal installments on June 1, September 1 and December 1 so that all shares of Common Stock underlying the option vested and became exercisable on March 1, 2016.