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Filing Details

Accession Number:
0001140361-11-042962
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-08-19 16:04:20
Reporting Period:
2011-08-18
Filing Date:
2011-08-19
Accepted Time:
2011-08-19 16:04:20
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1361983 Orbcomm Inc. ORBC Communications Services, Nec (4899) 412118289
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1368678 B Jerome Eisenberg C/o Orbcomm Inc.
2115 Linwood Avenue, Suite 100
Fort Lee NJ 07024
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 Acquisiton 2011-08-18 5,000 $2.26 986,095 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Restricted Stock Unit (Time Vested) 10,000 Direct
Common Stock 15,759 Indirect by Cynthia Eisenberg
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Appreciation Right $11.00 95,187 95,187 Direct
Common Stock Stock Appreciation Right $4.96 100,000 100,000 Direct
Common Stock Stock Option (Right to Buy) $2.33 2005-03-31 2014-02-17 166,667 166,667 Direct
Common Stock Stock Option (Right to Buy) $2.78 2005-12-31 2014-02-17 33,334 33,334 Direct
Common Stock Stock Option (Right to Buy) $3.38 2006-12-31 2014-02-17 33,334 33,334 Direct
Common Stock Stock Option (Right to Buy) $4.26 2006-12-31 2014-02-17 33,334 33,334 Direct
Common Stock Stock Option (Right to Buy) $2.33 2007-12-31 2014-02-17 33,334 33,334 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
95,187 95,187 Direct
100,000 100,000 Direct
2014-02-17 166,667 166,667 Direct
2014-02-17 33,334 33,334 Direct
2014-02-17 33,334 33,334 Direct
2014-02-17 33,334 33,334 Direct
2014-02-17 33,334 33,334 Direct
Footnotes
  1. Each time vested Restricted Stock Unit ("RSU") represents the right to receive one share of common stock. The number of RSUs was determined by dividing $30,000 by the closing price of ORBCOMM Inc. (the "Company") common stock on February 1, 2011 of $3.00 per share. The RSUs vest on January 1, 2012.
  2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.23 to $2.28, inclusive.
  3. The reporting person undertakes to provide to 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 in footnote (2) to this Form 4.
  4. Each Performance Vested Stock Appreciation Right ("PV SAR") represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the PV SAR to the date of exercise of the PV SAR. The PV SARs are fully vested, expire in October 2016 and have an exercise price equal to the initial public offering price of $11.00 per share.
  5. Each Time Vested Stock Appreciation Right ("TV SAR") represents the right to receive payment measured by the increase in the fair market value of one share of common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. The TV SAR awards are fully vested, expire in March 2018 and have an exercise price of $4.96 per share, the closing price of the common stock on the grant date.
  6. 166,667 Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.
  7. 33,334 Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014
  8. 33,334 Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.
  9. 33,334 Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.
  10. 33,334 Options were issued on February 17, 2004, are fully vested and expire on February 17, 2014.