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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options | (4) | (4) | (4) | Common Stock | 83,334 (4) | 83,334 | D | ||||||||
Restricted Stock Units (Time Vested) | (5) | (5) | (5) | Common Stock | 3,734 (5) | 3,734 | D | ||||||||
Restricted Stock Units (Performance Vested) | (6) | (6) | (6) | Common Stock | 3,734 (6) | 3,734 | D | ||||||||
Series A Convertible Redeemable Preferred Stock | (1) | 11/08/2006 | C | 75,915 | 07/07/2004 | (1) | Common Stock | 50,610 (1) | $ 0 | 0 | I | by Emmett Hume IRA | |||
Series A Convertible Redeemable Preferred Stock | (1) | 11/08/2006 | C | 3,781 | 12/16/2005 | (1) | Common Stock | 2,521 (1) | $ 0 | 0 | D | ||||
Series A Convertible Redeemable Preferred Stock | (1) | 11/08/2006 | C | 65,140 | 07/07/2004 | (1) | Common Stock | 43,427 (1) (2) | $ 0 | 0 | I | by David Hume Trust | |||
Series A Convertible Redeemable Preferred Stock | (1) | 11/08/2006 | C | 65,140 | 07/07/2004 | (1) | Common Stock | 43,427 (1) (3) | $ 0 | 0 | I | by Cara Hume Trust | |||
Series A Convertible Redeemable Preferred Stock | (1) | 11/08/2006 | C | 1,500 | 12/16/2005 | (1) | Common Stock | 1,000 (1) (3) | $ 0 | 0 | I | by Cara Hume Trust |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hume Emmett C/O ORBCOMM INC. 2115 LINWOOD AVE. SUITE 100 FORT LEE, NJ 07024 |
Executive VP, International |
/s/ Emmett Hume | 11/09/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The Series A Convertible Redeemable Preferred Stock was automatically converted into common stock on the basis of two shares of common stock for every three shares of Preferred Stock and had no expiration date. |
(2) | Includes 65,140 shares of Series A Convertible Redeemable Preferred Stock (43,247 shares of common stock) held by David Hume Trust. Mr. Hume is the trustee for the David Hume Trust and disclaims beneficial ownership of the shares held by the David Hume Trust. |
(3) | Includes 66,640 shares of Series A Convertible Redeemable Preferred Stock (44,247 shares of common stock) held by Cara Hume Trust. Mr. Hume is the trustee for the Cara Hume Trust and disclaims beneficial ownership of the shares held by the Cara Hume Trust. |
(4) | 83,334 Options were issued on December 3, 2004. 16,667 Options vested on such date. The remaining 66,667 Options vest at a rate of 4,167 per quarter beginning December 31, 2004. The Options expire on December 3, 2014. |
(5) | Each Time Vested Restricted Stock Unit ("TV RSU") represents the right to receive one share of common stock. One-third of the TV RSU awards will vest on each of January 1, 2007, January 1, 2008 and January 1, 2009. |
(6) | Each Performance Vested Restricted Stock Unit ("PV RSU") represents the right to receive one share of common stock. One-third of the PV RSU awards will vest based on the achievement by the employee and/or the Company of certain performance targets for each of the fiscal years 2006, 2007 and 2008. |