Form 4 for IRDM Iridium Communications Inc.
Accepted 2022-08-09 00:00:00 ET · period of report 2022-08-05 · accession 0001209191-22-045022 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-08-09 | 2022-08-05 | IRDM | DESCH MATTHEW J | CEO, Dir | M - OptEx | $6.08 | +178.8K | 849.1K | +27% | +$1.09M |
| DM | 2022-08-09 | 2022-08-05+ | IRDM | DESCH MATTHEW J | CEO, Dir | S - Sale+OE | $45.38 | -94.7K | 754.5K | -11% | -$4.30M |
| D | 2022-08-09 | 2022-08-05 | IRDM | DESCH MATTHEW J | CEO, Dir | M - OptEx | $0.00 | -178.8K | 0 | -100% | $0 |
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 | 2022-08-05 | M | A | 178,804 | $6.08 | 849,116 | D | — | — | |
| 2 | Common | Common Stock | 2022-08-05 | S | D | 92,938 | $45.38 | 756,178 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.165 to $45.76, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 in this footnote to this form Form 4. |
| 3 | Common | Common Stock | 2022-08-08 | S | D | 1,723 | $45.35 | 754,455 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.345 to $45.36, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 in this footnote to this form Form 4. |
| 4 | Derivative | Employee Stock Option (Right to Buy) | 2022-08-05 | M | D | 178,804 | $0.00 | 0 | D | $6.08 · — to 2023-03-01 | 178,804 Common Stock | (F4) The options vested and became exercisable as to 25% of the shares on March 1, 2014 and quarterly thereafter in equal installments on June 1, September 1 and December 1 so that all shares of common stock underlying the option vested and became exercisable on March 1, 2017. |