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Iridium Communications Inc. — Director's Dealing 2021
Jul 9, 2021
31757_dirs_2021-07-09_b958f08c-2d5e-4ac3-8488-b5f472a4cdbf.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: 2021-07-07
Reporting Person: Olson Eric T (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-07-07 | Common Stock | A | 96 | $39.06 | Acquired | 117195.2 | Direct |
Footnotes
F1: This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
F2: The shares underlying this restricted stock unit award vest in full on July 7, 2022, subject to the reporting person's continued service with the issuer.
F3: The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of committee retainer fees of $3,750, representing a prorated portion of the issuer's standard annual compensation committee member retainer.
F4: Amount beneficially owned following the transaction reflects the non-reportable cancellation of 60 restricted stock units previously granted to the reporting person upon his resignation from the issuer's nominating and corporate governance committee.