0000899243-21-035057.txt : 20210903 0000899243-21-035057.hdr.sgml : 20210903 20210903061805 ACCESSION NUMBER: 0000899243-21-035057 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: Milcos Constantine CENTRAL INDEX KEY: 0001587912 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33118 FILM NUMBER: 211235103 MAIL ADDRESS: STREET 1: C/O ORBCOMM, INC., 395 W. PASSAIC STREET STREET 2: 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 0001587912 Milcos Constantine C/O ORBCOMM INC. 395 W. PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662 0 1 0 0 EVP and CFO Common Stock 2021-09-01 4 D 0 104008 D 0 D Stock Appreciation Right 6.60 2021-09-01 4 D 0 6100 4.90 D Common Stock 6100 0 D Stock Appreciation Right 5.92 2021-09-01 4 D 0 6100 5.58 D Common Stock 6100 0 D Restricted Stock Unit (Time Vested) 0.00 2021-09-01 4 D 0 24311 D Stock 24311 0 D Restricted Stock Unit (Performance Vested) 0.00 2021-09-01 4 D 0 24311 D Common Stock 24311 0 D Performance Right (Performance Unit Award) 0.00 2021-09-01 4 D 0 18260 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 $210,000. /s/Christian Le Brun, by power of attorney. 2021-09-02