0001140361-15-011386.txt : 20150311
0001140361-15-011386.hdr.sgml : 20150311
20150311174425
ACCESSION NUMBER: 0001140361-15-011386
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150309
FILED AS OF DATE: 20150311
DATE AS OF CHANGE: 20150311
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
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: 15693805
MAIL ADDRESS:
STREET 1: C/O ORBCOMM, INC., 395 W. PASSAIC STREET
STREET 2: SUITE 325
CITY: ROCHELLE PARK
STATE: NJ
ZIP: 07662
4
1
doc1.xml
FORM 4
X0306
4
2015-03-09
0
0001361983
ORBCOMM Inc.
ORBC
0001587912
Milcos Constantine
C/O ORBCOMM INC.
395 W PASSAIC STREET, SUITE 325
ROCHELLE PARK
NJ
07662
0
1
0
0
Sr. VP, Chief Acct Officer
Common Stock
2015-03-09
4
A
0
1920
A
2671
D
Common Stock
2015-03-09
4
A
0
2888
A
5559
D
Common Stock
2015-03-09
4
S
0
1152
5.751
A
4407
D
Restricted Stock Unit (Performance Vested)
3000
D
Restricted Stock Unit (Performance Vested)
2000
D
Stock Appreciation Right
6.60
Common Stock
6100
6100
D
Stock Appreciation Right
5.92
Common Stock
6100
6100
D
Stock Appreciation Right
5.14
Common Stock
24000
24000
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. On March 9, 2015, 1,920 of the first installment of the previously reported 4,000 PV RSU awards described in FN 6 attributable to performance targets for fiscal year 2014 vested based on the achievement by the employee and/or ORBCOMM Inc. (the "Company") of certain performance targets for fiscal year 2014 and 80 PV RSUs lapsed unvested.
Represents the vesting of PV RSUs, each PV RSU representing the right to receive one share of common stock. On March 9, 2015, 2,888 of the previously reported 3,000 PV RSU awards vested based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2014 and 112 PV RSUs lapsed unvested.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person to cover taxes applicable to the vesting of PV RSUs described in FN 1 and FN 2.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.72 to $5.80, inclusive. The reporting person undertakes to provide to 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 PV RSU represents the right to receive one share of common stock. The PV RSU awards will vest based on the achievement by the employee and/or the Company of certain performance targets for fiscal year 2015.
Each PV RSUs represents the right to receive one share of common stock. 4,000 PV RSU awards were previously reported as awarded on September 25, 2013 and vest in two equal installments based on the achievement by the employee and/or the Company of certain performance targets for the fiscal years 2014 and 2015. The first installment vested as described in FN 1. The remaining 2000 RSUs shown represent the second installment.
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 dare of exercise of the TV SAR. The TV SAR awards will vest 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 to the date of exercise of the TV SAR. The TV SAR awards will vest 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 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 (September 25, 2013) to the date of exercise of the TV SAR. The TV SAR awards will vest on the first anniversary of their date of grant. The TV SAR awards expire on September 25, 2023 and have an exercise price of $5.14 per share, the closing price of the common stock on the grant date.
/s/ Christian Le Brun, by power of attorney
2015-03-11