STOLTE JOHN J JR (EVP, Technology & Operations) exercised options at ORBCOMM INC.

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

M · 5 exercises

STOLTE JOHN J JR

Filed: 1/3/2019ACC: 0001140361-19-000318

InsiderSTOLTE JOHN J JRCIK 1367780

→

IssuerORBCOMM INC.CIK 1361983

Officer· EVP, Technology & Operations

Since Jul 2018

0.00

Net shares

Net seller

$82.8K

Total acquired

Open market trades

0B · 0S

Total transactions

18.79K acquired · 18.79K disposed

Non-Derivative Transactions5

Common Stock

Direct

M · Option Exercise

+4.45K

Price / share

$8.26

Trade value

$36.78K

% of position

4.6%

12/31/2018

96.19K→100.64K

Common Stock

Direct

M · Option Exercise

+2.89K

Price / share

$8.26

Trade value

$23.84K

% of position

2.9%

12/31/2018

100.64K→103.53K

Common Stock

Direct

M · Option Exercise

+2.68K

Price / share

$8.26

Trade value

$22.17K

% of position

2.6%

12/31/2018

103.53K→106.21K

Common Stock

Direct

M · Option Exercise

+6.26K

Price / share

—

Trade value

—

% of position

5.9%

1/1/2019

106.21K→112.47K

Common Stock

Direct

M · Option Exercise

+2.50K

Price / share

—

Trade value

—

% of position

2.2%

1/1/2019

112.47K→114.97K

Total

Net shares

+18.79K

Net value

$82.79K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/31/2018	M · Option Exercise	+4.45K	$8.26	$36.78K	4.6%	96.19K	100.64K
Common Stock Direct	12/31/2018	M · Option Exercise	+2.89K	$8.26	$23.84K	2.9%	100.64K	103.53K
Common Stock Direct	12/31/2018	M · Option Exercise	+2.68K	$8.26	$22.17K	2.6%	103.53K	106.21K
Common Stock Direct	1/1/2019	M · Option Exercise	+6.26K	—	—	5.9%	106.21K	112.47K
Common Stock Direct	1/1/2019	M · Option Exercise	+2.50K	—	—	2.2%	112.47K	114.97K
Total			+18.79K		$82.79K

Derivative Transactions5

Performance Right (Performance Unit Award)

Direct

M · Option Exercise

Converts to

Common Stock

4.45K shares

−4.45K

Strike price

Held after

0.00

Exercisable

—

12/31/2018

Performance Right (Performance Unit Award)

Direct

M · Option Exercise

Converts to

Common Stock

2.89K shares

−2.89K

Strike price

Held after

0.00

Exercisable

—

12/31/2018

Performance Right (Performance Unit Award)

Direct

M · Option Exercise

Converts to

Common Stock

2.68K shares

−2.68K

Strike price

Held after

0.00

Exercisable

—

12/31/2018

Restricted Stock Unit (Time Vested)

Direct

M · Option Exercise

Converts to

Common Stock

6.26K shares

−6.26K

Strike price

Held after

0.00

Exercisable

—

1/1/2019

Restricted Stock Unit (Time Vested)

Direct

M · Option Exercise

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

Held after

0.00

Exercisable

—

1/1/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Performance Right (Performance Unit Award) Direct	Common Stock4.45K shares	12/31/2018	M · Option Exercise	−4.45K		—
Performance Right (Performance Unit Award) Direct	Common Stock2.89K shares	12/31/2018	M · Option Exercise	−2.89K		—
Performance Right (Performance Unit Award) Direct	Common Stock2.68K shares	12/31/2018	M · Option Exercise	−2.68K		—
Restricted Stock Unit (Time Vested) Direct	Common Stock6.26K shares	1/1/2019	M · Option Exercise	−6.26K	0	—
Restricted Stock Unit (Time Vested) Direct	Common Stock2.50K shares	1/1/2019	M · Option Exercise	−2.50K	0	—

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)15

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

23K

Shares owned

23K

Exercise price

5.92

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

75K

Shares owned

75K

Exercise price

2.46

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

13.75K

Shares owned

13.75K

Exercise price

3.65

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

15.82K

Shares owned

15.82K

Exercise price

2.46

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

17.34K

Shares owned

17.34K

Exercise price

3.42

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 (Performance Vested)

Direct

Underlying security

Common Stock

Underlying shares

6.26K

Shares owned

6.26K

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

—

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 (Time Vested)

Direct

Underlying security

Common Stock

Underlying shares

9.67K

Shares owned

9.67K

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

—

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

9.67K

Shares owned

9.67K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Unit (Performance Vested)

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

286.02K

Owned

286.02K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Appreciation Right Direct	Common Stock	5.92	—	—	23K	23K
Stock Appreciation Right Direct	Common Stock	2.46	—	—	75K	75K
Stock Appreciation Right Direct	Common Stock	3.65	—	—	13.75K	13.75K
Stock Appreciation Right Direct	Common Stock	2.46	—	—	15.82K	15.82K
Stock Appreciation Right Direct	Common Stock	3.42	—	—	17.34K	17.34K
Stock Appreciation Right Direct	Common Stock	6.6	—	—	23K	23K
Restricted Stock Unit (Performance Vested) Direct	Common Stock	0	—	—	6.26K	6.26K
Stock Appreciation Right Direct	Common Stock	2.74	—	—	50K	50K
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
Restricted Stock Unit (Time Vested) Direct	Common Stock	0	—	—	9.67K	9.67K
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
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	—	—	9.67K	9.67K
Restricted Stock Unit (Performance Vested) Direct	Common Stock	0	—	—	2.50K	2.50K
Total					286.02K	286.02K