0001140361-20-000228.txt : 20200103 0001140361-20-000228.hdr.sgml : 20200103 20200103172315 ACCESSION NUMBER: 0001140361-20-000228 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200101 FILED AS OF DATE: 20200103 DATE AS OF CHANGE: 20200103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Eisenberg Jerome B CENTRAL INDEX KEY: 0001368678 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33118 FILM NUMBER: 20506849 MAIL ADDRESS: STREET 1: C/O ORBCOMM INC. STREET 2: 395 W PASSAIC STREET, 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 2020-01-01 0001361983 ORBCOMM Inc. ORBC 0001368678 Eisenberg Jerome B C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662 true Common Stock 2020-01-01 4 M 0 11750 0 A 943579 D Common Stock 15759 I by Cynthia Eisenberg Restricted Stock Unit (Time Vested) 0 2020-01-01 4 M 0 11750 0 D Common Stock 11750 0 D Restricted Stock Unit (Time Vested) 0 2020-01-02 4 A 0 24449 0 A Common Stock 24449 24449 D Stock Appreciation Right 8.58 Common Stock 30000 30000 D Includes 488 and 796 shares of ORBCOMM Inc. ("Company") common stock acquired on May 31, 2019 and November 30, 2019, respectively, under the Company's 2016 Employee Stock Purchase Plan in transactions exempt under Rule 16b-3(c). Each Time Vested Restricted Stock Unit ("TV RSU") represented the right to receive one share of common stock or its cash equivalent. The number of TV RSUs was determined by dividing $100,000 by the closing price of Company common stock on January 2, 2019 of $8.51 per share. The TV RSUs vested on January 1, 2020. Each TV RSU represents the right to receive one share of Company common stock or its cash equivalent. The number of TV RSUs was determined by dividing $100,000 by the closing price of Company common stock on January 2, 2020 of $4.09 per share. The TV RSUs vest on January 1, 2021. 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 Company common stock from the date of grant of the TV SAR (January 3, 2017) to the date of exercise of the TV SAR. One-half of the 30,000 TV SAR awards vested on January 1, 2018 and the other half vested on March 31, 2018. The TV SAR awards expire on January 3, 2027 and have an exercise price of $8.58 per share, the closing price of the common stock on the grant date. /s/ Christian Le Brun, by power of attorney 2020-01-03