Form 4 for IRDM Iridium Communications Inc.
Accepted 2023-03-03 00:00:00 ET · period of report 2023-03-01 · accession 0001209191-23-015455 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-03-03 | 2023-03-01 | IRDM | McBride Suzanne E. | Chief Ops Off, Dir | G - Gift | $0.00 | -3,175 | 139.8K | -2% | $0 | |
| 2023-03-03 | 2023-03-02 | IRDM | McBride Suzanne E. | Chief Ops Off, Dir | S - Sale | $60.65 | -4,669 | 135.1K | -3% | -$283.2K | |
| M | 2023-03-03 | 2023-03-01 | IRDM | McBride Suzanne E. | Chief Ops Off, Dir | A - Grant | $0.00 | +51.6K | 129.6K | +66% | $0 |
| M | 2023-03-03 | 2023-03-01 | IRDM | McBride Suzanne E. | Chief Ops Off, Dir | F - Tax | $61.59 | -15.9K | 102.0K | -13% | -$980.1K |
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 | G | D | 3,175 | $0.00 | 139,760 | D | — | — | |
| 2 | Common | Common Stock | 2023-03-02 | S | D | 4,669 | $60.65 | 135,091 | D | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.39 to $60.93, 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 | 2023-03-01 | A | A | 20,295 | $0.00 | 142,935 | 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. |
| 4 | Common | Common Stock | 2023-03-01 | F | D | 6,959 | $61.59 | 122,640 | D | — | — | |
| 5 | Common | Common Stock | 2023-03-01 | A | A | 31,317 | $0.00 | 129,599 | 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. |
| 6 | Common | Common Stock | 2023-03-01 | F | D | 3,735 | $61.59 | 98,282 | D | — | — | |
| 7 | Common | Common Stock | 2023-03-01 | F | D | 5,220 | $61.59 | 102,017 | D | — | — |