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Iridium Communications Inc. — Director's Dealing 2011
Jun 24, 2011
31757_dirs_2011-06-24_375d76af-bd5f-46c0-9b33-dd7f89e57841.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Iridium Communications Inc. (IRDM)
CIK: 0001418819
Period of Report: 2011-06-22
Reporting Person: GREENHILL & CO INC (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-06-22 | Common Stock | J | 880000 | — | Acquired | 7808387 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-06-22 | Warrant | $11.50 | J | 4000000 | Disposed | 2015-02-14 | Common Stock (4000000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1995629 | Indirect |
Footnotes
F1: On May 17, 2011, the Issuer commenced an offer to exchange its outstanding $11.50 warrants for Issuer common stock, pursuant to which any holder of such warrants would receive approximately one common share for every 4.55 warrants validly tendered. The exchange offer expired on June 22, 2011. The reporting person believes that its tender of warrants into the exchange offer and receipt of shares of common stock in accordance with the terms of the offer are exempt from the provisions of Section 16(b) of the Securities Exchange Act by virtue of Rule 16b-3 promulgated by the SEC thereunder.