4//SEC Filing
Bell Brian 4
Accession 0001140361-11-050795
CIK 0001361983other
Filed
Oct 27, 8:00 PM ET
Accepted
Oct 28, 4:48 PM ET
Size
12.5 KB
Accession
0001140361-11-050795
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Bell Brian
EVP, Sales
Transactions
- Award
Stock Appreciation Right
2011-10-26+50,000→ 50,000 totalExercise: $2.74→ Common Stock (50,000 underlying)
Holdings
- 25,000
Stock Appreciation Right
Exercise: $3.65→ Common Stock (25,000 underlying) - 23,334
Restricted Stock Unit (Time Vested)
- 33,938
Common Stock
- 19,375
Stock Appreciation Right
Exercise: $2.46→ Common Stock (19,375 underlying) - 75,000
Stock Appreciation Right
Exercise: $2.46→ Common Stock (75,000 underlying)
Footnotes (5)
- [F1]Each Time Vested Restricted Stock Unit ("TV RSU") represents the right to receive one share of common stock and will vest on July 1, 2012.
- [F2]Each Performance Vested Stock Appreciation Right ("PV 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 PV SAR to the date of exercise of the PV SAR. The PV SAR awards vest based on the achievement by the employee and/or ORBCOMM Inc. (the "Company") of certain performance targets for fiscal year 2010. The PV SARs expire on March 3, 2020 and have an exercise price of $2.46 per share, the closing price of the common stock on the grant date.
- [F3]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. 25,000 of the TV SAR awards vested on December 31, 2010 and 25,000 of the TV SAR awards will vest on each of December 31, 2011 and December 31, 2012. The TV SAR awards expire on March 3, 2020 and have an exercise price of $2.46 per share, the closing price of the common stock on the grant date.
- [F4]Each PV 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 PV SAR to the date of exercise of the PV SAR. The PV SAR awards vested based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2011. The PV SARs expire on March 2, 2021 and have an exercise price of $3.65 per share, the closing price of the common stock on the grant date.
- [F5]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 December 31, 2011. The TV SAR awards expire on October 26, 2021 and have an exercise price of $2.74 per share, the closing price of the common stock on the grant date.
Documents
Issuer
ORBCOMM Inc.
CIK 0001361983
Entity typeother
Related Parties
1- filerCIK 0001467671
Filing Metadata
- Form type
- 4
- Filed
- Oct 27, 8:00 PM ET
- Accepted
- Oct 28, 4:48 PM ET
- Size
- 12.5 KB