Form 4 for IRDM Iridium Communications Inc.
Accepted 2023-03-03 00:00:00 ET · period of report 2023-03-01 · accession 0001209191-23-015439 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-03-03 | 2023-03-01 | IRDM | DESCH MATTHEW J | CEO, Dir | F - Tax | $61.59 | -30.3K | 578.9K | -5% | -$1.87M |
| M | 2023-03-03 | 2023-03-01 | IRDM | DESCH MATTHEW J | CEO, Dir | A - Grant | $0.00 | +114.1K | 636.1K | +22% | $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 | 2023-03-01 | F | D | 12,912 | $61.59 | 623,211 | D | — | — | |
| 2 | Common | Common Stock | 2023-03-01 | A | A | 56,827 | $0.00 | 680,038 | D | — | — | (F5) These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this restricted stock unit award, 25% shall vest on March 1, 2024 and the remainder shall vest in equal quarterly installments thereafter on each June 1, September 1, December 1 and March 1, so that all shares of common stock shall be vested as of March 1, 2027, subject to the reporting person's continuous service with the issuer as of each such vesting date. |
| 3 | Common | Common Stock | 2023-03-01 | A | A | 57,265 | $0.00 | 636,123 | D | — | — | (F3) These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this restricted stock unit award, one-half vested on March 1, 2023 and the remainder will vest on March 1, 2024, subject to the reporting person's continuous service with the issuer as of the vesting date. |
| 4 | Common | Common Stock | 2023-03-01 | F | D | 10,641 | $61.59 | 585,626 | D | — | — | |
| 5 | Common | Common Stock | 2023-03-01 | F | D | 6,768 | $61.59 | 578,858 | D | — | — |