LE BRUN CHRISTIAN (EVP & General Counsel) exercised options at ORBCOMM INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

LE BRUN CHRISTIAN

Filed: 3/2/2020ACC: 0001140361-20-004543

InsiderLE BRUN CHRISTIANCIK 1373568

→

IssuerORBCOMM INC.CIK 1361983

Officer· EVP & General Counsel

Since Jul 2018

-79.97K

Net shares

Net seller

$275.1K

Total sold

Open market trades

0B · 0S

Total transactions

93.25K acquired · 173.22K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+75K

Price / share

$2.46

Trade value

$184.50K

% of position

71.2%

2/27/2020

105.31K→180.31K

Common Stock

Direct

D · Disposition

−64.32K

Price / share

$3.44

Trade value

$221.25K

% of position

35.7%

2/27/2020

180.31K→115.99K

Common Stock

Direct

M · Option Exercise

+18.25K

Price / share

$2.46

Trade value

$44.90K

% of position

15.7%

2/27/2020

115.99K→134.24K

Common Stock

Direct

D · Disposition

−15.65K

Price / share

$3.44

Trade value

$53.84K

% of position

11.7%

2/27/2020

134.24K→118.59K

Total

Net shares

+13.28K

Net value

-$45.69K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/27/2020	M · Option Exercise	+75K	$2.46	$184.50K	71.2%	105.31K	180.31K
Common Stock Direct	2/27/2020	D · Disposition	−64.32K	$3.44	$221.25K	35.7%	180.31K	115.99K
Common Stock Direct	2/27/2020	M · Option Exercise	+18.25K	$2.46	$44.90K	15.7%	115.99K	134.24K
Common Stock Direct	2/27/2020	D · Disposition	−15.65K	$3.44	$53.84K	11.7%	134.24K	118.59K
Total			+13.28K		-$45.69K

Derivative Transactions2

Stock Appreciation Right

Direct

M · Option Exercise

Converts to

Common Stock

75K shares

−75K

Strike price

2.46

Held after

0.00

Exercisable

—

2/27/2020

Stock Appreciation Right

Direct

M · Option Exercise

Converts to

Common Stock

18.25K shares

−18.25K

Strike price

2.46

Held after

0.00

Exercisable

—

2/27/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Appreciation Right Direct	Common Stock75K shares	2/27/2020	M · Option Exercise	−75K	2.46	—	0.00
Stock Appreciation Right Direct	Common Stock18.25K shares	2/27/2020	M · Option Exercise	−18.25K	2.46	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)12

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

23K

Shares owned

23K

Exercise price

6.6

Expiration

—

Exercise window

—

Restricted Stock Unit (Performance Vested)

Direct

Underlying security

Common Stock

Underlying shares

11.05K

Shares owned

11.05K

Exercise price

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

40K

Shares owned

40K

Exercise price

3.53

Expiration

—

Exercise window

—

Performance Right (Performance Unit Award)

Direct

Underlying security

Common Stock

Underlying shares

N/A

Shares owned

0.00

Exercise price

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

16.41K

Shares owned

16.41K

Exercise price

3.42

Expiration

—

Exercise window

—

Restricted Stock Unit (Performance Vested)

Direct

Underlying security

Common Stock

Underlying shares

25.51K

Shares owned

25.51K

Exercise price

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

17.50K

Shares owned

17.50K

Exercise price

3.65

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

50K

Shares owned

50K

Exercise price

2.74

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

23K

Shares owned

23K

Exercise price

5.92

Expiration

—

Exercise window

—

Restricted Stock Unit (Time Vested)

Direct

Underlying security

Common Stock

Underlying shares

25.51K

Shares owned

25.51K

Exercise price

Expiration

—

Exercise window

—

Performance Right (Performance Unit Award)

Direct

Underlying security

Common Stock

Underlying shares

N/A

Shares owned

0.00

Exercise price

Expiration

—

Exercise window

—

Performance Right (Performance Unit Award)

Direct

Underlying security

Common Stock

Underlying shares

N/A

Shares owned

0.00

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

231.98K

Owned

231.98K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Appreciation Right Direct	Common Stock	6.6	—	—	23K	23K
Restricted Stock Unit (Performance Vested) Direct	Common Stock	0	—	—	11.05K	11.05K
Stock Appreciation Right Direct	Common Stock	3.53	—	—	40K	40K
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
Stock Appreciation Right Direct	Common Stock	3.42	—	—	16.41K	16.41K
Restricted Stock Unit (Performance Vested) Direct	Common Stock	0	—	—	25.51K	25.51K
Stock Appreciation Right Direct	Common Stock	3.65	—	—	17.50K	17.50K
Stock Appreciation Right Direct	Common Stock	2.74	—	—	50K	50K
Stock Appreciation Right Direct	Common Stock	5.92	—	—	23K	23K
Restricted Stock Unit (Time Vested) Direct	Common Stock	0	—	—	25.51K	25.51K
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
Total					231.98K	231.98K