Form 4 for IRDM Iridium Communications Inc.
Accepted 2023-02-24 00:00:00 ET · period of report 2023-02-22 · accession 0001209191-23-012753 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-02-24 | 2023-02-22+ | IRDM | DESCH MATTHEW J | CEO, Dir | G - Gift | $0.00 | -15.8K | 596.3K | -3% | $0 |
| D | 2023-02-24 | 2023-02-22 | IRDM | DESCH MATTHEW J | CEO, Dir | S - Sale+OE | $62.82 | -100.1K | 612.1K | -14% | -$6.29M |
| D | 2023-02-24 | 2023-02-22 | IRDM | DESCH MATTHEW J | CEO, Dir | M - OptEx | $6.52 | +193.7K | 712.1K | +37% | +$1.26M |
| D | 2023-02-24 | 2023-02-22 | IRDM | DESCH MATTHEW J | CEO, Dir | M - OptEx | $0.00 | -193.7K | 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 | 2023-02-22 | G | D | 6,300 | $0.00 | 605,767 | D | — | — | |
| 2 | Common | Common Stock | 2023-02-22 | S | D | 100,058 | $62.82 | 612,067 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.51 to $63.17, 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 | 2023-02-23 | G | D | 9,500 | $0.00 | 596,267 | D | — | — | |
| 4 | Common | Common Stock | 2023-02-22 | M | A | 193,661 | $6.52 | 712,125 | D | — | — | |
| 5 | Derivative | Employee Stock Option (Right to Buy) | 2023-02-22 | M | D | 193,661 | $0.00 | 0 | D | $6.52 · — to 2024-03-01 | 193,661 Common Stock | (F3) Fully vested and immediately exercisable. These options vested as to 25% of the shares on March 1, 2015 and quarterly thereafter in equal installments on each June 1, September 1 and December 1 through March 1, 2018. |