Home > Insider Trading > Filing (0001209191-21-017133)

Filing Details

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
Common Stock	Acquisiton	2021-03-01	3,125	$11.25	26,111	No	4	M	Direct
Common Stock	Disposition	2021-03-01	3,125	$39.26	22,986	No	4	S	Direct
Common Stock	Disposition	2021-03-01	1,371	$41.91	21,615	No	4	F	Direct
Common Stock	Acquisiton	2021-03-01	3,937	$0.00	25,552	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	F	Direct
No	4	A	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	2021-03-01	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
6,250		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, as amended on November 5, 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.
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 unit award, 25% shall vest on March 1, 2022 and the remainder shall vest in equal quarterly installments thereafter on each June 1, September 1, December 1 and March 1, so that all shares of common stock shall be vested as of March 1, 2025, subject to the reporting person's continuous service with the issuer as of each such vesting date.
The shares underlying the portion of the option exercised and reported herein were vested and exercisable as of March 1, 2021. The remaining shares underlying the option vest in two equal quarterly installments beginning on June 1, 2021, 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.