Filing Details
- Accession Number:
- 0001209191-19-016420
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-03-05 16:11:14
- Reporting Period:
- 2019-03-01
- Accepted Time:
- 2019-03-05 16:11:14
- 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 |
|---|---|---|---|---|---|---|---|
| 1463487 | Scott S. Smith | C/O Iridium Communications Inc. 1750 Tysons Boulevard, Suite 1400 Mclean VA 22102 | Yes | No | 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 | 2019-03-01 | 2,942 | $23.15 | 213,525 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2019-03-01 | 3,518 | $23.15 | 210,007 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2019-03-01 | 24,158 | $0.00 | 234,165 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2019-03-01 | 5,368 | $23.15 | 228,797 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2019-03-04 | 11,967 | $0.00 | 240,764 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2019-03-04 | 5,319 | $22.90 | 235,445 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2019-03-04 | 2,500 | $8.31 | 237,945 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-03-04 | 2,500 | $22.86 | 235,445 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | F | Direct | |
| No | 4 | F | Direct | |
| No | 4 | A | Direct | |
| No | 4 | F | Direct | |
| No | 4 | A | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2019-03-04 | 2,500 | $0.00 | 2,500 | $8.31 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2021-02-21 | No | 4 | M | Direct |
Footnotes
- The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
- The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of a restricted stock unit award that previously vested with respect to one-half of the shares underlying the award on March 1, 2018. The amount being reported herein represents amounts withheld to satisfy tax withholding obligations in connection with the vesting and settlement of the remaining one-half on March 1, 2019.
- These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this restricted stock award, one-half vested on March 1, 2019 and the remainder will vest on March 1, 2020, subject to the reporting person's continuous service with the issuer as of the vesting date.
- 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 (3) herein.
- 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 4, 2019.
- 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 (5) herein.
- These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2018.
- The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $22.61 to $23.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- Immediately exercisable.
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