Iridium Communications Inc. 4
4 · Iridium Communications Inc. · Filed Mar 7, 2017
Insider Transaction Report
Form 4
Nyren Richard P
VP-Iridium Satellite LLC
Transactions
- Award
Common Stock
2017-03-05+12,570→ 74,765 total - Tax Payment
Common Stock
2017-03-05$8.30/sh−4,328$35,922→ 70,437 total
Footnotes (2)
- [F1]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 5, 2017.
- [F2]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 (1) herein.