Form 4 for IRDM Iridium Communications Inc.
Accepted 2021-08-25 00:00:00 ET · period of report 2021-08-24 · accession 0000899243-21-034182 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021-08-25 | 2021-08-24 | IRDM | bin Abdullah bin Abdulrahman Khalid | 10% | S - Sale | — | -500.0K | 13.10M | -4% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-08-24 | S | D | 500,000 | — | 13,099,230 | D | — | — | (F1) On August 24, 2021, Baralonco Limited sold 500,000 shares of common stock of the issuer in a single block trade pursuant to Rule 144 under the Securities Act of 1933, as amended, at a price of $38.00 per share. (F3) (continued from footnote 2) F. Khalid Abdullah disclaims beneficial ownership of the securities held directly by Baralonco Limited except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 of for any other purpose. (F2) This Form 4 is a joint filing with the former sole owner of Baralonco Limited, Khalid bin Abdullah bin Abdulrahman ("K. Abdullah"), at the same business address. K. Abdullah, who was the sole owner of Baralonco Limited, passed away on January 12, 2021, and his interest in Baralonco Limited is now held by his estate, which is currently in probate (or the equivalent proceedings under applicable local law) in Saudi Arabia. The estate is the indirect owner of the same shares as to which Baralonco Limited is the direct owner. On February 10, 2021, Fahd bin Khalid bin Abdullah bin Abdulrahman ("F. Khalid Abdullah") was appointed as the legal representative to the decedent's estate in probate. Pursuant to SEC rules, F. Khalid Abdullah, as the legal representative of the decedent's estate, may be deemed to be a 10% owner. |