Filing Details

Accession Number:
0001209191-10-037946
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-07-09 13:00:00
Reporting Period:
2010-07-07
Filing Date:
2010-07-09
Accepted Time:
2010-07-09 12:31:36
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1361983 Orbcomm Inc. ORBC Communications Services, Nec (4899) 412118289
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1467671 Brian Bell C/O Orbcomm Inc.
2115 Linwood Avenue, Suite 100
Fort Lee NJ 07024
Evp, Sales No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2010-07-07 2,620 $1.75 20,713 No 4 S Direct
Common Stock Disposition 2010-07-07 100 $1.72 20,613 No 4 S Direct
Common Stock Disposition 2010-07-07 190 $1.72 20,423 No 4 S Direct
Common Stock Disposition 2010-07-07 1,300 $1.71 19,123 No 4 S Direct
Common Stock Disposition 2010-07-07 1,000 $1.69 18,123 No 4 S Direct
Common Stock Disposition 2010-07-07 300 $1.68 17,823 No 4 S Direct
Common Stock Disposition 2010-07-07 300 $1.67 17,523 No 4 S Direct
Common Stock Disposition 2010-07-07 1,716 $1.66 15,807 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Restricted Stock Unit (Time Vested) 46,667 Direct
Common Stock 23,333 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Appreciation Right $2.46 25,000 25,000 Direct
Common Stock Stock Appreciation Right $2.46 75,000 75,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
25,000 25,000 Direct
75,000 75,000 Direct
Footnotes
  1. Each Time Vested Restricted Stock Unit ("TV RSU") represents the right to receive one share of common stock. 23,333 TV RSUs vested on July 1, 2010, 23,333 TV RSUs will vest on July 1, 2011 and 23,334 TV RSUs will vest on July 1, 2012.
  2. Includes 23,333 shares underlying TV RSUs that vested on July 1, 2010.
  3. Pursuant to a 10b5-1 Sales Plan, Mr. Bell sold an aggregate of 7,526 shares of common stock to cover payment of tax liabilities incident to the vesting of 23,333 TV RSUs.
  4. 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 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.
  5. 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 will vest on each of December 31, 2010, 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.