Form 4 for IRDM Iridium Communications Inc.
Accepted 2023-05-02 00:00:00 ET · period of report 2023-05-01 · accession 0001209191-23-026602 · 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 | 2023-05-02 | 2023-05-01 | IRDM | NIEHAUS ROBERT H | Dir | M - OptEx | $6.20 | +55.8K | 302.6K | +23% | +$345.8K |
| DM | 2023-05-02 | 2023-05-01 | IRDM | NIEHAUS ROBERT H | Dir | S - Sale+OE | $63.69 | -55.8K | 246.9K | -18% | -$3.55M |
| D | 2023-05-02 | 2023-05-01 | IRDM | NIEHAUS ROBERT H | Dir | M - OptEx | $2.51 | -55.8K | 0 | -100% | -$140.0K |
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 | 2023-05-01 | M | A | 55,776 | $6.20 | 302,649.70 | D | — | — | |
| 2 | Common | Common Stock | 2023-05-01 | S | D | 44,432 | $63.49 | 258,217.70 | D | — | — | (F1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.19 to $64.02, 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 | 2023-05-01 | S | D | 11,344 | $64.49 | 246,873.70 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.35 to $64.68, 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 | Stock Option (Right to Buy) | 2023-05-01 | M | D | 55,776 | $2.51 | 0 | D | $6.20 · — to 2024-01-06 | 55,776 Common Stock | (F3) The shares underlying this option vested in four equal quarterly installments on the last day of each calendar quarter during 2014 and are immediately exercisable. |