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Iridium Communications Inc. — Director's Dealing 2022
Aug 9, 2022
31757_dirs_2022-08-09_86a76bf9-4ba2-4807-bcb3-bae5d3dbb4c0.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: 2022-08-05
Reporting Person: DESCH MATTHEW J (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-08-05 | Common Stock | M | 178804 | $6.08 | Acquired | 849116 | Direct |
| 2022-08-05 | Common Stock | S | 92938 | $45.38 | Disposed | 756178 | Direct |
| 2022-08-08 | Common Stock | S | 1723 | $45.35 | Disposed | 754455 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-08-05 | Employee Stock Option (Right to Buy) | $6.08 | M | 178804 | Disposed | 2023-03-01 | Common Stock (178804) | Direct |
Footnotes
F1: These sales were for the sole purpose of paying the exercise price of the option reported on Table II of this form and the associated tax withholding obligations.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.165 to $45.76, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this form Form 4.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.345 to $45.36, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this form Form 4.
F4: The options vested and became exercisable as to 25% of the shares on March 1, 2014 and quarterly thereafter in equal installments on June 1, September 1 and December 1 so that all shares of common stock underlying the option vested and became exercisable on March 1, 2017.