0001140361-19-004449.txt : 20190305 0001140361-19-004449.hdr.sgml : 20190305 20190305181400 ACCESSION NUMBER: 0001140361-19-004449 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190301 FILED AS OF DATE: 20190305 DATE AS OF CHANGE: 20190305 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: 19660220 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 2019-03-01 0001361983 ORBCOMM Inc. ORBC 0001587912 Milcos Constantine C/O ORBCOMM, INC. 395 W. PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662 true Sr. VP& CAO Common Stock 2019-03-01 4 A 0 1891 A 27007 D Common Stock 2019-03-01 4 A 0 5000 A 32007 D Common Stock 2019-03-01 4 A 0 5000 A 37007 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 2762 2762 D Restricted Stock Unit (Time Vested) 0 Common Stock 2763 2763 D Represents the vesting of Performance Vested Restricted Stock Units ("PV RSUs"), each PV RSU representing the right to receive one share of common stock or its cash equivalent. On March 1, 2019, 1,891 of the previously reported 2,004 PV RSU awards granted on December 12, 2017 vested based on the achievement by the employee and/or ORBCOMM Inc. (the "Company") of certain performance targets for fiscal year 2018 and 113 PV RSUs lapsed unvested. Represents the vesting of PV RSUs, each PV RSU representing the right to receive one share of common stock or its cash equivalent. On March 1, 2019, all of the previously reported 5,000 PV RSU awards granted on July 31, 2018 vested based on the achievement by the Company of a certain performance target for fiscal year 2018. Represents the vesting of PV RSUs, each PV RSU representing the right to receive one share of common stock or its cash equivalent. On March 1, 2019, all of the previously reported 5,000 PV RSU awards granted on July 31, 2018 vested based on the achievement by the Company of certain performance target for fiscal year 2018. 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 (December 17, 2014) to the date of exercise of the TV SAR. The TV SAR awards vested on January 1, 2016. The TV SAR awards 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 (December 12, 2013) 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 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 2019. Each Time Vested Restricted Stock Unit represents the right to receive one share of common stock or its cash equivalent on the vesting date, January 1, 2020. /s/ Christian Le Brun, by power of attorney 2019-03-05