Filing Details

Accession Number:
0001209191-23-012753
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-02-24 16:46:11
Reporting Period:
2023-02-22
Accepted Time:
2023-02-24 16:46:11
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1418819 Iridium Communications Inc. IRDM () 4
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2023-02-22 193,661 $6.52 712,125 No 4 M Direct
Common Stock Disposition 2023-02-22 100,058 $62.82 612,067 No 4 S Direct
Common Stock Disposition 2023-02-22 6,300 $0.00 605,767 No 4 G Direct
Common Stock Disposition 2023-02-23 9,500 $0.00 596,267 No 4 G Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 G Direct
No 4 G 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 2023-02-22 193,661 $0.00 193,661 $6.52
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2024-03-01 No 4 M Direct
Footnotes
  1. These sales were for the sole purpose of paying the exercise price of the option reported on Table II of this form and the associated tax withholding obligations.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.51 to $63.17, 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 sold at each separate price within the range set forth in this footnote to this form Form 4.
  3. Fully vested and immediately exercisable. These options vested as to 25% of the shares on March 1, 2015 and quarterly thereafter in equal installments on each June 1, September 1 and December 1 through March 1, 2018.