SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Puckorius Timothy J

(Last) (First) (Middle)
ORBIMAGE INC.
21700 ATLANTIC BLVD

(Street)
DULLES VA 20166

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ORBIMAGE INC [ ORBM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President
3. Date of Earliest Transaction (Month/Day/Year)
06/09/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
06/13/2005
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/09/2005(1) 06/09/2005 S 407 D $11 6,707(2) D
Common Stock 06/09/2005 06/09/2005 C 79 A $6.5 6,786(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $6.5 06/09/2005 06/09/2005 M 79 12/31/2004 09/23/2014 Common Stock 79 $6.5 25,811 D
Explanation of Responses:
1. There were two transactions on June 9, 2005 which were reported on Form 4 filings by the reporting person on June 10, 2005 (filing dates changed to June 13, 2005 by SEC) This Form 4/A references both filings.
2. Due to a miscalculation, the form overstated the amount of securities beneficially owned by the reporting person by 407 shares. Instead of 7,445 securities owned after the first transaction, the amount beneficially owned should be 6,707 shares. Subsequently, on the second June 13, 2005 Form 4 filing, 79 shares of stock were acquired due to the exercise of options. No shares were sold. The correct amount of beneficial securities beneficially owned after both of the June 9, 2005 transactions is 6,786 shares.
Remarks:
/s/ Timothy J. Puckorius by William L. Warren, Attorney-in-Fact 04/07/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.