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Filing Details

Accession Number:: 0001209191-21-012319
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-19 16:05:06
Reporting Period:: 2021-02-17

Accepted Time:: 2021-02-19 16:05:06
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
1229996	Thomas Fitzpatrick	C/O Iridium Communications Inc. 1750 Tysons Boulevard, Suite 1400 Mclean VA 22102	Chief Financial 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	2021-02-17	25,395	$47.79	138,113	No	4	S	Direct
Common Stock	Disposition	2021-02-17	45,195	$48.44	92,918	No	4	S	Direct
Common Stock	Disposition	2021-02-17	600	$49.22	92,318	No	4	S	Direct
Common Stock	Acquisiton	2021-02-18	79,681	$6.08	171,999	No	4	M	Direct
Common Stock	Acquisiton	2021-02-18	90,909	$6.25	262,908	No	4	M	Direct
Common Stock	Disposition	2021-02-18	60,001	$46.59	202,907	No	4	S	Direct
Common Stock	Disposition	2021-02-18	110,589	$47.26	92,318	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	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	2021-02-18	79,681	$0.00	79,681	$6.08
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2021-02-18	90,909	$0.00	90,909	$6.25

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2023-03-01	No	4	M	Direct
0		2024-01-01	No	4	M	Direct

Footnotes

The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $47.15 to $48.14, 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 ranges set forth in this footnote to this Form 4.
The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $48.15 to $49.14, 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 ranges set forth in this footnote to this Form 4.
The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $49.16 to $49.25, 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 ranges set forth in this footnote to this Form 4.
The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $45.99 to $46.97, 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 ranges set forth in this footnote to this Form 4.
The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $46.99 to $47.38, 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 ranges set forth in this footnote to this Form 4.
25% of the shares of common stock underlying the option vested and became exercisable on March 1, 2014 and quarterly thereafter in equal installments on June 1, September 1 and December 1, so that all shares of common stock underlying the option fully vested and became exercisable on March 1, 2017.
25% of the shares of common stock underlying the option vested and became exercisable on January 1, 2015 and quarterly thereafter in equal installments on April 1, July 1 and October 1, so that all shares of common stock underlying the option vested and became exercisable on January 1, 2018.