Home > Insider Trading > Filing (0001209191-15-064443)

Filing Details

Accession Number:: 0001209191-15-064443
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-08-06 18:10:17
Reporting Period:: 2015-08-04

Filing Date:: 2015-08-06
Accepted Time:: 2015-08-06 18:10:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1418819	Iridium Communications Inc.	IRDM	Communications Equipment, Nec (3669)	221344998

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1178032	J Matthew Desch	C/O Iridium Communications Inc. 1750 Tysons Boulevard, Suite 1400 Mclean VA 22102	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2015-08-04	14,000	$7.16	398,484	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	6.75% Series B Cumulative Perpetual Convertible Preferred	Acquisiton	2015-08-04	100	$272.73	3,346	$7.47
Common Stock	6.75% Series B Cumulative Perpetual Convertible Preferred	Acquisiton	2015-08-04	100	$273.89	3,346	$7.47

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
700			No	4	P	Direct
800			No	4	P	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.09 to $7.20, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this form Form 4.
Subject to adjustment upon the occurence of certain events set forth in the Issuer's Certificate of Designations for the 6.75% Series B Cumulative Perpetual Convertible Preferred Stock, which is included as Exhibit 3.1 with the Issuer's Registration Statement on Form 8-A, as filed with the Securities and Exchange Commission on May 14, 2014.
The shares are convertible at any time into shares of the Issuer's common stock at a conversion rate of 33.456 shares of common stock per $250 liquidation preference, which is equivalent to an initial conversion price of approximately $7.47 per share of common stock (subject to adjustment in certain events). There is no expiration date.
The price reported in Column 4 is a weighted average price. These shares were purchased in several transactions at prices ranging from $272.19 - $273.19, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (4) to this form Form 4.