LE BRUN CHRISTIAN (EVP & General Counsel) sold 26.6% of their position (40.45K shares) of ORBCOMM INC. on the open market

Open‑market sale worth $288.3K — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

LE BRUN CHRISTIAN

Filed: 1/5/2021ACC: 0001140361-21-000275

InsiderLE BRUN CHRISTIANCIK 1373568

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IssuerORBCOMM INC.CIK 1361983

Officer· EVP & General Counsel

Since Jul 2018

-40.45K

Net shares

Net seller

$288.3K

Total sold

Open market trades

0B · 2S

Total transactions

30.87K acquired · 71.32K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+5.36K

Price / share

$7.42

Trade value

$39.75K

% of position

4.4%

12/31/2020

121.32K→126.67K

Common Stock

Direct

M · Option Exercise

+25.51K

Price / share

—

Trade value

—

% of position

20.1%

1/1/2021

126.67K→152.18K

Common Stock

Direct

S · Sale

−15.45K

Price / share

$7.43

Trade value

$114.82K

% of position

10.2%

1/5/2021

152.18K→136.73K

Common Stock

Direct

S · Sale

−25K

Price / share

$6.94

Trade value

$173.51K

% of position

18.3%

1/5/2021

136.73K→111.73K

Total

Net shares

−9.59K

Net value

-$248.58K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/31/2020	M · Option Exercise	+5.36K	$7.42	$39.75K	4.4%	121.32K	126.67K
Common Stock Direct	1/1/2021	M · Option Exercise	+25.51K	—	—	20.1%	126.67K	152.18K
Common Stock Direct	1/5/2021	S · Sale	−15.45K	$7.43	$114.82K	10.2%	152.18K	136.73K
Common Stock Direct	1/5/2021	S · Sale	−25K	$6.94	$173.51K	18.3%	136.73K	111.73K
Total			−9.59K		-$248.58K

Derivative Transactions4

Performance Right (Performance Unit Award)

Direct

M · Option Exercise

Converts to

Common Stock

5.36K shares

−5.36K

Strike price

Held after

0.00

Exercisable

—

12/31/2020

Performance Right (Performance Unit Award)

Direct

J · J

Converts to

Common Stock

0.00 shares

−0.00

Strike price

Held after

0.00

Exercisable

—

12/31/2020

Performance Right (Performance Unit Award)

Direct

J · J

Converts to

Common Stock

0.00 shares

−0.00

Strike price

Held after

0.00

Exercisable

—

12/31/2020

Restricted Stock Unit (Time Vested)

Direct

M · Option Exercise

Converts to

Common Stock

25.51K shares

−25.51K

Strike price

Held after

0.00

Exercisable

—

1/1/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Performance Right (Performance Unit Award) Direct	Common Stock5.36K shares	12/31/2020	M · Option Exercise	−5.36K		—
Performance Right (Performance Unit Award) Direct	Common Stock0.00 shares	12/31/2020	J · J	−0.00		—
Performance Right (Performance Unit Award) Direct	Common Stock0.00 shares	12/31/2020	J · J	−0.00		—
Restricted Stock Unit (Time Vested) Direct	Common Stock25.51K shares	1/1/2021	M · Option Exercise	−25.51K	0	—

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)11

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

16.41K

Shares owned

16.41K

Exercise price

3.42

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

—

Restricted Stock Unit (Performance Vested)

Direct

Underlying security

Common Stock

Underlying shares

16.21K

Shares owned

16.21K

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

—

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

23K

Shares owned

23K

Exercise price

6.6

Expiration

—

Exercise window

—

Restricted Stock Unit (Time Vested)

Direct

Underlying security

Common Stock

Underlying shares

16.21K

Shares owned

16.21K

Exercise price

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

—

Total

Underlying

210.33K

Owned

210.33K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Appreciation Right Direct	Common Stock	3.42	—	—	16.41K	16.41K
Stock Appreciation Right Direct	Common Stock	3.53	—	—	40K	40K
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
Restricted Stock Unit (Performance Vested) Direct	Common Stock	0	—	—	16.21K	16.21K
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
Restricted Stock Unit (Performance Vested) Direct	Common Stock	0	—	—	25.51K	25.51K
Stock Appreciation Right Direct	Common Stock	6.6	—	—	23K	23K
Restricted Stock Unit (Time Vested) Direct	Common Stock	0	—	—	16.21K	16.21K
Stock Appreciation Right Direct	Common Stock	2.74	—	—	50K	50K
Stock Appreciation Right Direct	Common Stock	5.92	—	—	23K	23K
Total					210.33K	210.33K