Gibson Denise W. 4
4 · ORBCOMM Inc. · Filed Jan 3, 2019
Insider Transaction Report
Form 4
ORBCOMM Inc.ORBC
Gibson Denise W.
Director
Transactions
- Exercise/Conversion
Restricted Stock Unit (Time Vested)
2019-01-01−2,316→ 0 totalExercise: $0.00→ Common Stock (2,316 underlying) - Award
Restricted Stock Unit (Time Vested)
2019-01-02+11,750→ 11,750 totalExercise: $0.00→ Common Stock (11,750 underlying) - Exercise/Conversion
Common Stock
2019-01-01+2,316→ 2,316 total
Footnotes (2)
- [F1]Each Time Vested Restricted Stock Unit ("TV RSU") represented the right to receive one share of ORBCOMM Inc. common stock or its cash equivalent. The number of TV RSUs was determined by dividing $100,000 by the closing price of ORBCOMM Inc. ("Company") common stock on October 1, 2018 of $10.88 per share, pro-rated for the number of days between Ms. Gibson's election to the Board of Directors on October 1, 2018 and December 31, 2018. The TV RSUs vested on January 1, 2019.
- [F2]Each TV RSU represents the right to receive one share of common stock or its cash equivalent. The number of TV RSUs was determined by dividing $100,000 by the closing price of Company common stock on January 2, 2019 of $8.51 per share. The TV RSUs vest on January 1, 2020.