0001140361-18-001462.txt : 20180109
0001140361-18-001462.hdr.sgml : 20180109
20180109162502
ACCESSION NUMBER: 0001140361-18-001462
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180105
FILED AS OF DATE: 20180109
DATE AS OF CHANGE: 20180109
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: 18519351
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
form4.xml
FORM 4
X0306
4
2018-01-05
0001361983
ORBCOMM Inc.
ORBC
0001587912
Milcos Constantine
C/O ORBCOMM, INC.
395 W. PASSAIC STREET, SUITE 325
ROCHELLE PARK
NJ
07662
true
Sr VP Chief Accounting Officer
Common Stock
2018-01-05
4
S
0
1092
10.9063
D
15946
D
Stock Appreciation Right
6.6
Common Stock
6100
6100
D
Stock Appreciation Right
5.92
Common Stock
6100
6100
D
Restricted Stock Unit (Performance Vested)
0
Common Stock
2183
2183
D
Restricted Stock Unit (Performance Vested)
0
Common Stock
2004
2004
D
Restricted Stock Unit (Time Vested)
0
Common Stock
2004
2004
D
The reporting person sold shares of common stock in the open market to cover income tax obligations associated with the vesting of Time Vested Restricted Stock Units ("TV RSUs"), as disclosed on the reporting person's Form 4 filed on January 4, 2018.
These sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person, to cover tax withholding obligations.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.83 to $11.01, inclusive. The reporting person undertakes to provide to ORBCOMM Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
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. The TV SAR awards vested on January 1, 2016. The TV SAR awards will expire on December 17, 2024 and have an exercise price of $6.60 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. The TV SAR awards vested on January 1, 2015. The TV SAR awards expire on December 12, 2023 and have an exercise price of $5.92 per share, the closing price of the common stock on the grant date.
Each Performance Vested Restricted Stock Unit ("PV RSU") represents the right to receive one share of common stock or its cash equivalent. The PV RSU will vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2017.
Each PV RSU represents the right to receive one share of common stock or its cash equivalent. The PV RSU will vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2018.
Each TV RSU represents the right to receive one share of common stock or its cash equivalent on the vesting date, January 1, 2019.
/s/ Christian Le Brun, by power of attorney
2018-01-09