Iridium Communications Inc. — Director's Dealing 2021

Mar 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Iridium Communications Inc. (IRDM)
CIK: 0001418819
Period of Report: 2021-03-11

Reporting Person: Scheimreif Scott (EVP-Government Programs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-11	Common Stock	M	65737	$6.08	Acquired	170808	Direct
2021-03-11	Common Stock	S	65737	$41.65	Disposed	105071	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-11	Employee Stock Option (Right to Buy)	$6.08	M	65737	Disposed	2023-03-01	Common Stock (65737)	Direct

Footnotes

F1: The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $41.40 to $41.88, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F2: This option is fully vested and exercisable. The option vested over a period of four years, with 25% of the shares underlying the option vesting on March 1, 2014, the first anniversary of the date of grant, and the remainder vested in 12 equal quarterly installments thereafter.