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Iridium Communications Inc. — Director's Dealing 2022
Mar 3, 2022
31757_dirs_2022-03-03_f1d75024-ef38-42b5-8bc6-97a7a82a918b.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: 2022-03-01
Reporting Person: Kapalka Timothy (CAO Iridium Satellite LLC)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-01 | Common Stock | F | 1265 | $38.99 | Disposed | 17311 | Direct |
| 2022-03-01 | Common Stock | A | 5283 | $0.00 | Acquired | 22594 | Direct |
Footnotes
F1: The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
F2: These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. Of the shares underlying this restricted stock unit award, 25% shall vest on March 1, 2023 and the remainder shall vest in equal quarterly installments thereafter on each June 1, September 1, December 1 and March 1, so that all shares of common stock shall be vested as of March 1, 2026, subject to the reporting person's continuous service with the issuer as of each such vesting date.