FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 11/02/2006 |
3. Issuer Name and Ticker or Trading Symbol
ORBCOMM Inc. [ ORBC ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 170,101(1) | I | by Northwood Ventures LLC |
Common Stock | 30,018(1) | I | by Northwood Capital Partners LLC |
Common Stock | 155,264(1) | I | by Northwood Ventures LLC |
Common Stock | 27,400(1) | I | by Northwood Capital Partners LLC |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Convertible Redeemable Preferred Stock | 12/17/2004 | (2) | Common Stock | 80,483(1) | (2) | I | by Northwood Capital Partners LLC |
Series A Convertible Redeemable Preferred Stock | 02/17/2004 | (2) | Common Stock | 339,988(1) | (2) | I | by Northwood Ventures LLC |
Series A Convertible Redeemable Preferred Stock | 08/13/2004 | (2) | Common Stock | 388,877(1) | (2) | I | by Northwood Ventures LLC |
Series A Convertible Redeemable Preferred Stock | 08/13/2004 | (2) | Common Stock | 80,609(1) | (2) | I | by Northwood Capital Partners LLC |
Series A Convertible Redeemable Preferred Stock | 12/30/2005 | (2) | Common Stock | 25,795(1) | (2) | I | by SK Partners |
Series A Convertible Redeemable Preferred Stock | 08/13/2004 | (2) | Common Stock | 2,347(1) | (2) | I | by SK Partners |
Series B Convertible Redeemable Preferred Stock | 12/30/2005 | (3) | Common Stock | 52,936(1) | (3) | I | by Northwood Capital Partners LLC |
Series B Convertible Redeemable Preferred Stock | 12/30/2005 | (3) | Common Stock | 277,915(1) | (3) | I | by Northwood Ventures LLC |
Series B Convertible Redeemable Preferred Stock | 12/30/2005 | (3) | Common Stock | 8,271(1) | (3) | I | by SK Partners |
Series B Convertible Redeemable Preferred Stock | 12/30/2005 | (3) | Common Stock | 1,654(1) | (3) | I | by Richard K. Webel Trust |
Series A Convertible Redeemable Preferred Stock | 02/17/2004 | (2) | Common Stock | 6,449(1) | (2) | I | by Richard K. Webel Trust |
Series A Convertible Redeemable Preferred Stock | 08/13/2004 | (2) | Common Stock | 587(1) | (2) | I | by Richard K. Webel Trust |
Common Stock Warrants | 11/15/2002 | 11/15/2007 | Common Stock | 15,735(1) | $2.325 | I | by Northwood Ventures LLC |
Common Stock Warrants | 05/17/2003 | 05/17/2008 | Common Stock | 7,868(1) | $2.325 | I | by Northwood Ventures LLC |
Common Stock Warrants | 09/03/2003 | 09/03/2008 | Common Stock | 69,234(1) | $2.325 | I | by Northwood Ventures LLC |
Common Stock Warrants | 11/15/2002 | 11/15/2007 | Common Stock | 5,245(1) | $2.325 | I | by Northwood Capital Partners LLC |
Common Stock Warrants | 05/17/2003 | 05/17/2008 | Common Stock | 2,623(1) | $2.325 | I | by Northwood Capital Partners LLC |
Common Stock Warrants | 09/03/2003 | 09/03/2008 | Common Stock | 12,588(1) | $2.325 | I | by Northwood Capital Partners LLC |
Common Stock Warrants | 12/23/2002 | 11/15/2007 | Common Stock | 10,490(1) | $2.325 | I | by SK Partners |
Common Stock Warrants | 05/17/2003 | 05/17/2008 | Common Stock | 5,245(1) | $2.325 | I | by SK Partners |
Common Stock Warrants | 12/23/2002 | 11/15/2007 | Common Stock | 2,623(1) | $2.325 | I | by Richard K. Webel Trust |
Common Stock Warrants | 05/17/2003 | 05/17/2008 | Common Stock | 1,312(1) | $2.325 | I | by Richard K. Webel Trust |
Explanation of Responses: |
1. Mr. Schiff is President of Northwood Ventures LLC and Northwood Capital Partners LLC and is also Managing General Partner of SK Partners and trustee of the Richard K. Webel Trust. Mr. Schiff disclaims beneficial ownership of the shares held by Northwood Ventures LLC, Northwood Capital Partners LLC, SK Partners and Richard K. Webel Trust except to the extent of his respective pecuniary interest therein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or any other purpose. |
2. The Series A Convertible Redeemable Preferred Stock is convertible into common stock on the basis of two shares of common stock for every three shares of Preferred Stock and has no expiration date. |
3. The Series B Convertible Redeemable Preferred Stock is convertible into common stock on the basis of two shares of common stock for every three shares of Preferred Stock and has no expiration date. |
/s/ Brad Franco, by power of attorney | 11/02/2006 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |