0000899243-21-035053.txt : 20210903 0000899243-21-035053.hdr.sgml : 20210903 20210903061546 ACCESSION NUMBER: 0000899243-21-035053 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: Eisenberg Marc CENTRAL INDEX KEY: 0001373773 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33118 FILM NUMBER: 211235100 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 0001373773 Eisenberg Marc C/O ORBCOMM INC. 395 W. PASSAIC STREET, SUITE 325 ROCHELLE PARK NY 07662 1 1 0 0 Chief Executive Officer Common Stock 2021-09-01 4 D 0 698316 D 347827 D Common Stock 2021-09-01 4 J 0 350489 D 0 D Stock Appreciation Right 8.58 2021-09-01 4 D 0 30000 2.92 D Common Stock 30000 0 D Stock Appreciation Right 6.60 2021-09-01 4 D 0 75000 4.90 D Common Stock 75000 0 D Stock Appreciation Right 5.92 2021-09-01 4 D 0 60000 5.58 D Common Stock 60000 0 D Stock Appreciation Right 3.42 2021-09-01 4 D 0 34687 8.08 D Common Stock 34687 0 D Stock Appreciation Right 2.74 2021-09-01 4 D 0 100000 8.76 D Common Stock 100000 0 D Stock Appreciation Right 3.53 2021-09-01 4 D 0 80000 7.97 D Common Stock 80000 0 D Restricted Stock Unit (Time Vested) 0.00 2021-09-01 4 D 0 81307 D Common Stock 81307 0 D Restricted Stock Unit (Performance Vested) 0.00 2021-09-01 4 D 0 81307 D Common Stock 81307 0 D Performance Right (Performance Unit Award) 0.00 2021-09-01 4 D 0 41086 D Common Stock 41086 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. In connection with the Merger, these shares were cancelled in exchange for the reporting persons receipt of 4,000,010.5 Class A Common units in an affiliate of Parent. 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 approximately $472,500. /s/ Christian Le Brun, by power of attorney 2021-09-02