Filing Details

Accession Number:
0001140361-19-019810
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-11-05 14:39:29
Reporting Period:
2019-11-04
Accepted Time:
2019-11-05 14:39:29
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1361983 Orbcomm Inc. ORBC () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1122794 E John Major C/o Orbcomm Inc.
395 W. Passaic Street, Suite 325
Rochelle Park NJ 07662
No 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 Acquisiton 2019-11-04 20,000 $4.30 20,000 No 4 P Indirect Held by trust of which Mr. Major is trustee.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Held by trust of which Mr. Major is trustee.
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 121,617 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Unit (Time Vested) $0.00 11,750 11,750 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
11,750 11,750 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.27 to $4.34, inclusive. The reporting person undertakes to provide ORBCOMM Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
  2. Each Time Vested Restricted Stock Unit ("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.