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 · 2 exercises

STOLTE JOHN J JR

Filed: 3/2/2020ACC: 0001140361-20-004546

InsiderSTOLTE JOHN J JRCIK 1367780

→

IssuerORBCOMM INC.CIK 1361983

Officer· EVP, Technology & Operations

Since Jul 2018

+103.76K

Net shares

Net buyer

$267.9K

Total sold

Open market trades

0B · 0S

Total transactions

181.65K acquired · 77.89K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+75K

Price / share

$2.46

Trade value

$184.50K

% of position

65.4%

2/27/2020

114.62K→189.62K

Common Stock

Direct

D · Disposition

−64.32K

Price / share

$3.44

Trade value

$221.25K

% of position

33.9%

2/27/2020

189.62K→125.31K

Common Stock

Direct

M · Option Exercise

+15.82K

Price / share

$2.46

Trade value

$38.93K

% of position

12.6%

2/27/2020

125.31K→141.13K

Common Stock

Direct

D · Disposition

−13.57K

Price / share

$3.44

Trade value

$46.68K

% of position

9.6%

2/27/2020

141.13K→127.56K

Total

Net shares

+12.94K

Net value

-$44.51K

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	65.4%	114.62K	189.62K
Common Stock Direct	2/27/2020	D · Disposition	−64.32K	$3.44	$221.25K	33.9%	189.62K	125.31K
Common Stock Direct	2/27/2020	M · Option Exercise	+15.82K	$2.46	$38.93K	12.6%	125.31K	141.13K
Common Stock Direct	2/27/2020	D · Disposition	−13.57K	$3.44	$46.68K	9.6%	141.13K	127.56K
Total			+12.94K		-$44.51K

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

15.82K shares

+15.82K

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 Stock15.82K shares	2/27/2020	M · Option Exercise	+15.82K	2.46	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)12

Restricted Stock Unit (Performance Vested)

Direct

Underlying security

Common Stock

Underlying shares

22.32K

Shares owned

22.32K

Exercise price

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

23K

Shares owned

23K

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

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

—

Stock Appreciation Right

Direct

Underlying security

Common Stock

Underlying shares

23K

Shares owned

23K

Exercise price

6.6

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

13.75K

Shares owned

13.75K

Exercise price

3.65

Expiration

—

Exercise window

—

Restricted Stock Unit (Time Vested)

Direct

Underlying security

Common Stock

Underlying shares

22.32K

Shares owned

22.32K

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

—

Total

Underlying

221.41K

Owned

221.41K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Unit (Performance Vested) Direct	Common Stock	0	—	—	22.32K	22.32K
Stock Appreciation Right Direct	Common Stock	5.92	—	—	23K	23K
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
Stock Appreciation Right Direct	Common Stock	6.6	—	—	23K	23K
Stock Appreciation Right Direct	Common Stock	3.42	—	—	17.34K	17.34K
Stock Appreciation Right Direct	Common Stock	3.65	—	—	13.75K	13.75K
Restricted Stock Unit (Time Vested) Direct	Common Stock	0	—	—	22.32K	22.32K
Stock Appreciation Right Direct	Common Stock	2.74	—	—	50K	50K
Performance Right (Performance Unit Award) Direct	Common Stock		—	—	N/A	0.00
Total					221.41K	221.41K