0001209191-21-017133.txt : 20210303
0001209191-21-017133.hdr.sgml : 20210303
20210303174649
ACCESSION NUMBER: 0001209191-21-017133
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210301
FILED AS OF DATE: 20210303
DATE AS OF CHANGE: 20210303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kapalka Timothy
CENTRAL INDEX KEY: 0001715998
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33963
FILM NUMBER: 21710868
MAIL ADDRESS:
STREET 1: C/O IRIDIUM COMMUNICATIONS INC.
STREET 2: 1750 TYSONS BOULEVARD
CITY: MCLEAN
STATE: VA
ZIP: 22102
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Iridium Communications Inc.
CENTRAL INDEX KEY: 0001418819
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669]
IRS NUMBER: 221344998
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1750 TYSONS BOULEVARD
STREET 2: SUITE 1400
CITY: MCLEAN
STATE: VA
ZIP: 22102
BUSINESS PHONE: 301-571-6200
MAIL ADDRESS:
STREET 1: 1750 TYSONS BOULEVARD
STREET 2: SUITE 1400
CITY: MCLEAN
STATE: VA
ZIP: 22102
FORMER COMPANY:
FORMER CONFORMED NAME: GHL Acquisition Corp.
DATE OF NAME CHANGE: 20071119
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-03-01
0
0001418819
Iridium Communications Inc.
IRDM
0001715998
Kapalka Timothy
C/O IRIDIUM COMMUNICATIONS INC.
1750 TYSONS BOULEVARD, SUITE 1400
MCLEAN
VA
22102
0
1
0
0
VP Iridium Satellite LLC
Common Stock
2021-03-01
4
M
0
3125
11.25
A
26111
D
Common Stock
2021-03-01
4
S
0
3125
39.26
D
22986
D
Common Stock
2021-03-01
4
F
0
1371
41.91
D
21615
D
Common Stock
2021-03-01
4
A
0
3937
0.00
A
25552
D
Employee Stock Option (Right to Buy)
11.25
2021-03-01
4
M
0
3125
0.00
D
2027-09-01
Common Stock
3125
6250
D
This exercise and corresponding sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 6, 2020, as amended on November 5, 2020.
The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this restricted stock unit award, 25% shall vest on March 1, 2022 and the remainder shall vest in equal quarterly installments thereafter on each June 1, September 1, December 1 and March 1, so that all shares of common stock shall be vested as of March 1, 2025, subject to the reporting person's continuous service with the issuer as of each such vesting date.
The shares underlying the portion of the option exercised and reported herein were vested and exercisable as of March 1, 2021. The remaining shares underlying the option vest in two equal quarterly installments beginning on June 1, 2021, so that all shares will be vested as of September 1, 2021, subject to the Reporting Person's continuous service with the Issuer as of each such vesting date.
/s/Brian Leaf, Attorney-in-Fact
2021-03-03