MILCOS CONSTANTINE (Sr VP CAO & Interim CFO) exercised options at ORBCOMM INC.

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

M · 2 exercises

MILCOS CONSTANTINE

Filed: 1/3/2020ACC: 0001140361-20-000260

InsiderMILCOS CONSTANTINECIK 1587912

→

IssuerORBCOMM INC.CIK 1361983

Officer· Sr VP CAO & Interim CFO

Since Jul 2018

-7.50K

Net shares

Net seller

$31.6K

Total sold

Open market trades

0B · 0S

Total transactions

15.01K acquired · 22.51K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+12.25K

Price / share

—

Trade value

—

% of position

24.5%

1/1/2020

49.99K→62.23K

Common Stock

Direct

M · Option Exercise

+2.76K

Price / share

—

Trade value

—

% of position

4.4%

1/1/2020

62.23K→65K

Common Stock

Direct

D · Disposition

−6.12K

Price / share

$4.21

Trade value

$25.78K

% of position

9.4%

1/1/2020

65K→58.88K

Common Stock

Direct

D · Disposition

−1.38K

Price / share

$4.21

Trade value

$5.82K

% of position

2.3%

1/1/2020

58.88K→57.49K

Total

Net shares

+7.50K

Net value

-$31.60K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	1/1/2020	M · Option Exercise	+12.25K	—	—	24.5%	49.99K	62.23K
Common Stock Direct	1/1/2020	M · Option Exercise	+2.76K	—	—	4.4%	62.23K	65K
Common Stock Direct	1/1/2020	D · Disposition	−6.12K	$4.21	$25.78K	9.4%	65K	58.88K
Common Stock Direct	1/1/2020	D · Disposition	−1.38K	$4.21	$5.82K	2.3%	58.88K	57.49K
Total			+7.50K		-$31.60K

Derivative Transactions3

Performance Right (Performance Unit Award)

Direct

J · J

Converts to

Common Stock

0.00 shares

−0.00

Strike price

Held after

0.00

Exercisable

—

12/31/2019

Restricted Stock Unit (Time Vested)

Direct

M · Option Exercise

Converts to

Common Stock

12.25K shares

−12.25K

Strike price

Held after

0.00

Exercisable

—

1/1/2020

Restricted Stock Unit (Time Vested)

Direct

M · Option Exercise

Converts to

Common Stock

2.76K shares

−2.76K

Strike price

Held after

0.00

Exercisable

—

1/1/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Performance Right (Performance Unit Award) Direct	Common Stock0.00 shares	12/31/2019	J · J	−0.00		—
Restricted Stock Unit (Time Vested) Direct	Common Stock12.25K shares	1/1/2020	M · Option Exercise	−12.25K	0	—
Restricted Stock Unit (Time Vested) Direct	Common Stock2.76K shares	1/1/2020	M · Option Exercise	−2.76K	0	—

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)8

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

6.10K

Shares owned

6.10K

Exercise price

5.92

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

6.10K

Shares owned

6.10K

Exercise price

6.6

Expiration

—

Exercise window

—

Restricted Stock Unit (Performance Vested)

Direct

Underlying security

Common Stock

Underlying shares

2.76K

Shares owned

2.76K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Unit (Time Vested)

Direct

Underlying security

Common Stock

Underlying shares

38.27K

Shares owned

38.27K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Unit (Performance Vested)

Direct

Underlying security

Common Stock

Underlying shares

38.27K

Shares owned

38.27K

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

12.25K

Shares owned

12.25K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

103.74K

Owned

103.74K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Appreciation Right Direct	Common Stock	5.92	—	—	6.10K	6.10K
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
Stock Appreciation Right Direct	Common Stock	6.6	—	—	6.10K	6.10K
Restricted Stock Unit (Performance Vested) Direct	Common Stock	0	—	—	2.76K	2.76K
Restricted Stock Unit (Time Vested) Direct	Common Stock	0	—	—	38.27K	38.27K
Restricted Stock Unit (Performance Vested) Direct	Common Stock	0	—	—	38.27K	38.27K
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
Restricted Stock Unit (Performance Vested) Direct	Common Stock	0	—	—	12.25K	12.25K
Total					103.74K	103.74K