Iridium Communications Inc. — Director's Dealing 2012

Nov 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Iridium Communications Inc. (IRDM)
CIK: 0001418819
Period of Report: 2012-11-19

Reporting Person: Thoma Donald Lee (EVP, Iridium Satellite LLC)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-19	Employee Stock Option (Right to Buy)	$8.28	A	112994	Acquired	2022-06-01	Common Stock (112994)	Direct

Footnotes

F1: The option will vest and become exercisable as to 25% of the shares of common stock underlying the option on June 1, 2013 with the remainder vesting in twelve equal quarterly installments through June 1, 2014, subject to the reporting person's continued service with the issuer as of the applicable vesting date.

F2: On June 1, 2012, the reporting person was granted an option to purchase 112,994 shares of common stock of the issuer. The vesting of the option was subject to specified conditions, unrelated to the market price of the issuer's securities, that were not within the control of the reporting person. Those conditions were satisfied on November 19, 2012.