X0303 4 2011-03-02 0 0001361983 ORBCOMM Inc. ORBC 0001373773 Eisenberg Marc C/O ORBCOMM INC. 2115 LINWOOD AVENUE, SUITE 100 FORT LEE NJ 07024 1 1 0 0 Chief Executive Officer Common Stock 2011-03-02 4 A 0 12000 A 176180 D Stock Appreciation Right 11 Common Stock 82973 82793 D Stock Appreciation Right 2.46 Common Stock 36500 36500 D Stock Appreciation Right 2.46 Common Stock 150000 150000 D Stock Appreciation Right 4.96 Common Stock 425000 425000 D Stock Appreciation Right 3.65 2011-03-02 4 A 0 50000 0 A Common Stock 50000 50000 D Stock Option (Right to Buy) 2.325 2005-03-31 2014-02-17 Common Stock 146667 146667 D Stock Option (Right to Buy) 2.775 2005-03-31 2014-02-17 Common Stock 33334 33334 D Stock Option (Right to Buy) 3.375 2005-12-31 2014-02-17 Common Stock 33334 33334 D Stock Option (Right to Buy) 4.26 2006-12-31 2014-02-17 Common Stock 33334 33334 D Stock Option (Right to Buy) 2.325 2007-12-31 2014-02-17 Common Stock 33334 33334 D 12,000 shares of common stock were granted to Mr. Eisenberg as partial payment of the discretionary portion of Mr. Eisenberg's performance-based annual bonus for 2010. 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. One-third of the 130,000 PV SAR awards originally granted vest based on the achievement by the employee and/or the Company of certain performance targets for each of the fiscal years 2006, 2007 and 2008. The PV SARs expire on October 5, 2016 and have an exercise price equal to the initial offering price of $11.00 per share. In April 2007, 36,011 PV SARs vested based on achievement of certain 2006 performance targets and 7,322 PV SARs lapsed unvested. In March 2008, 15,167 PV SARs vested based on achievement of certain 2007 performance targets and 28,167 PV SARs lapsed unvested. In March 2009, 31,795 PV SARs vested based on achievement of certain 2008 performance targets and 11,539 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 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, 36,500 PV SARs vested based on achievement of certain 2010 performance targets and 13,500 PV SARs lapsed unvested. Each Time Vested Stock Appreciation Right ("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. 50,000 of the TV SAR awards vested on December 31, 2010 and 50,000 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 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. 125,000 of the TV SAR awards vested on December 31, 2008 and 150,000 of the TV SAR awards 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 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. The Options were issued on February 17, 2004 and became fully vested on March 31, 2005. The Options expire on February 17, 2014. The Options were issued on February 17, 2004 and became fully vested on March 31, 2005. The Options expire on February 17, 2014. The Options were issued on February 17, 2004 and became fully vested on December 31, 2005. The Options expire on February 17, 2014. The Options were issued on February 17, 2004 and became fully vested on December 31, 2006. The Options expire on February 17, 2014. The 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