X0303 4 2011-03-02 0 0001361983 ORBCOMM Inc. ORBC 0001367780 Stolte John J Jr C/O ORBCOMM INC. 2115 LINWOOD AVENUE, SUITE 100 FORT LEE NJ 07024 0 1 0 0 EVP-Technology & Operations Common Stock 2011-03-02 4 A 0 5461 A 39281 D Stock Appreciation Right 4.96 Common Stock 150000 150000 D Stock Appreciation Right 2.46 Common Stock 75000 75000 D Stock Appreciation Right 2.46 Common Stock 15825 15825 D Stock Appreciation Right 3.65 2011-03-02 4 A 0 25000 0 A Common Stock 25000 25000 D Stock Option (Right to Buy) 2.325 2005-03-31 2014-02-17 Common Stock 11667 11667 D Stock Option (Right to Buy) 2.775 2005-12-31 2014-02-17 Common Stock 12667 12667 D Stock Option (Right to Buy) 3.375 2006-12-31 2014-02-17 Common Stock 13334 13334 D Stock Option (Right to Buy) 4.26 2007-12-31 2014-02-17 Common Stock 13334 13334 D 5,461 shares of common stock were granted to Mr. Stolte as partial payment of the discretionary portion of Mr. Stolte's performance-based annual bonus for 2010. Each Time Vested Stock Appreciation Right ("TV SAR") represents the right to receive payment measured by the increase in the fair market value of one share of common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. 30,000 of the TV SAR awards became fully vested on December 31, 2008 and 60,000 of the TV SAR awards became fully vested on each of December 31, 2009 and December 31, 2010. The TV SAR awards expire on March 31, 2018 and have an exercise price of $4.96 per share, the closing price of the common stock on the grant date. Each TV SAR represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the TV SAR to the date of exercise of the TV SAR. 25,000 of the TV SAR awards vested on December 31, 2010 and 25,000 of the TV SAR awards will vest on each of December 31, 2011 and December 31, 2012. The TV SAR awards expire on March 3, 2020 and have an exercise price of $2.46 per share, the closing price of the common stock on the grant date. Each Performance Vested Stock Appreciation Right ("PV SAR") represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the PV SAR to the date of exercise of the PV SAR. The PV SAR awards vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2010. The PV SARs expire on March 3, 2020 and have an exercise price of $2.46 per share, the closing price of the common stock on the grant date. In March 2011, 15,825 PV SARs vested based on achievement of certain 2010 performance targets and 9,175 PV SARs lapsed unvested. Each PV SAR represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the PV SAR to the date of exercise of the PV SAR. The PV SAR awards vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2011. The PV SARs expire on March 2, 2021 and have an exercise price of $3.65 per share, the closing price of the common stock on the grant date. 11,667 options for common stock ("Options") were issued on February 17, 2004 and became fully vested on March 31, 2005. The Options expire on February 17, 2014. 12,667 Options were issued on February 17, 2004 and became fully vested on December 31, 2005. The Options expire on February 17, 2014. 13,334 Options were issued on February 17, 2004 and became fully vested on December 31, 2006. The Options expire on February 17, 2014. 13,334 Options were issued on February 17, 2004 and became fully vested on December 31, 2007. The Options expire on February 17, 2014. /s/ Christian Le Brun, by power of attorney 2011-03-04