Filing Details
- Accession Number:
- 0001209191-20-049547
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-09-03 18:32:03
- Reporting Period:
- 2020-09-01
- Accepted Time:
- 2020-09-03 18:32:03
- 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 |
|---|---|---|---|---|---|---|---|
| 1715998 | Timothy Kapalka | C/O Iridium Communications Inc. 1750 Tysons Boulevard, Suite 1400 Mclean VA 22102 | Vp Iridium Satellite Llc | 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 | Acquisiton | 2020-09-01 | 3,125 | $11.25 | 27,333 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-09-01 | 3,125 | $27.92 | 24,208 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2020-09-01 | 611 | $29.12 | 23,597 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | F | 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 | 2020-09-01 | 3,125 | $0.00 | 3,125 | $11.25 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 12,500 | 2027-09-01 | No | 4 | M | Direct |
Footnotes
- This exercise and corresponding sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 6, 2020.
- 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 shares underlying the portion of the option exercised and reported herein were vested and exercisable as of September 1, 2020. The remaining shares underlying the option vest in four equal quarterly installments beginning on December 1, 2020, so that all shares will be vested as of September 1, 2021, subject to the Reporting Person's continuous service with the Issuer as of each such vesting date.
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