Filing Details

Accession Number:
0001140361-11-043326
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-08-23 15:11:21
Reporting Period:
2011-08-19
Filing Date:
2011-08-23
Accepted Time:
2011-08-23 15:11:21
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
1379722 Timothy Kelleher 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 2011-08-19 5,000 $2.20 18,215 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 4,116,383 Indirect by KMCP Satellite Investments LLC
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.20 to $2.207, inclusive.
  2. 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 (1) to this Form 4.
  3. 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.
  4. The managing member of KMCP Satellite Investments LLC (formerly PCG Satellite Investments LLC) is CalPERS Corporate Partners, LLC, whose manager is KMCP Advisors II LLC. Timothy Kelleher is a Managing Partner of KMCP Advisors II LLC, which is an affiliate of KMCP Satellite Investments LLC. Mr. Kelleher disclaims beneficial ownership of the shares held by KMCP Satellite Investments LLC except to the extent of his pecuniary interest therein. On August 19, 2011, Mr. Douglas Meltzer, a Managing Partner of KMCP Advisors II LLC, made open market purchases of 5,000 shares of ORBCOMM Inc. common stock at a weighted average price of $2.1877 per share through a family trust. Mr. Meltzer's shares are not attributed to KMCP Satellite Investments LLC, CalPERS Corporate Partners, LLC, KMCP Advisors II LLC or Mr. Kelleher and each of the foregoing disclaims beneficial ownership of the shares held by Mr. Meltzer.