0000899243-21-035048.txt : 20210903
0000899243-21-035048.hdr.sgml : 20210903
20210903061231
ACCESSION NUMBER: 0000899243-21-035048
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210901
FILED AS OF DATE: 20210903
DATE AS OF CHANGE: 20210903
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stolte John J Jr
CENTRAL INDEX KEY: 0001367780
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33118
FILM NUMBER: 211235095
MAIL ADDRESS:
STREET 1: C/O ORBCOMM INC.
STREET 2: 395 W PASSAIC STREET, SUITE 325
CITY: ROCHELLE PARK
STATE: NJ
ZIP: 07662
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ORBCOMM Inc.
CENTRAL INDEX KEY: 0001361983
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899]
IRS NUMBER: 412118289
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 395 W PASSAIC STREET, SUITE 325
CITY: ROCHELLE PARK
STATE: NJ
ZIP: 07662
BUSINESS PHONE: 703-433-6300
MAIL ADDRESS:
STREET 1: 395 W PASSAIC STREET, SUITE 325
CITY: ROCHELLE PARK
STATE: NJ
ZIP: 07662
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-09-01
0
0001361983
ORBCOMM Inc.
ORBC
0001367780
Stolte John J Jr
C/O ORBCOMM INC.
395 W. PASSAIC STREET, SUITE 325
ROCHELLE PARK
NJ
07662
0
1
0
0
EVP, Technology & Operations
Common Stock
2021-09-01
4
D
0
149327
D
0
D
Stock Appreciation Right
6.60
2021-09-01
4
D
0
23000
4.90
D
Common Stock
23000
0
D
Stock Appreciation Right
5.92
2021-09-01
4
D
0
23000
5.58
D
Common Stock
23000
0
D
Stock Appreciation Right
3.42
2021-09-01
4
D
0
17345
8.08
D
Common Stock
17345
0
D
Stock Appreciation Right
2.74
2021-09-01
4
D
0
50000
8.76
D
Common Stock
50000
0
D
Stock Appreciation Right
3.53
2021-09-01
4
D
0
40000
7.97
D
Common Stock
40000
0
D
Restricted Stock Unit (Time Vested)
0.00
2021-09-01
4
D
0
14182
D
Common Stock
14182
0
D
Restricted Stock Unit (Performance Vested)
0.00
2021-09-01
4
D
0
14182
D
Common Stock
14182
0
D
Performance Right (Performance Unit Award)
0.00
2021-09-01
4
D
0
21521
D
Common Stock
0
D
Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among GI DI Orion Acquisition Inc., a Delaware corporation ("Parent"), GI DI Orion Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Parent, and ORBCOMM Inc., a Delaware corporation, in exchange for $11.50 per share upon the consummation of the transactions contemplated by the Merger Agreement (the "Merger"). The Merger closed on September 1, 2021.
Upon consummation of the Merger, each such stock appreciation right was canceled in exchange for a cash payment equal to the difference between $11.50 and the exercise price of the stock appreciation right.
Upon consummation of the Merger, each time-based restricted stock unit was cancelled in exchange for a cash payment equal to $11.50.
Upon consummation of the Merger, a number of performance-vesting restricted stock units equal to the "target" level was cancelled in exchange for a cash payment equal to $11.50 and any remaining performance-vesting restricted stock units were cancelled for no consideration.
Upon consummation of the Merger, these performance unit awards were cancelled in exchange for a cash payment equal to $247,500.
/s/Christian Le Brun, by power of attorney.
2021-09-02