JOHN E. MAJOR - 01 Sep 2021 Form 4 Insider Report for ORBCOMM Inc.

Role
Director
Signature
/S/ Christian Le Brun, by power of attorney
Issuer symbol
N/A
Transactions as of
01 Sep 2021
Net transactions value
$0
Form type
4
Filing time
03 Sep 2021, 06:10:57 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORBC Common Stock Disposed to Issuer -157,870 -100% 0 01 Sep 2021 Direct F1
transaction ORBC Common Stock Disposed to Issuer -20,000 -100% 0 01 Sep 2021 Held by trust of which Mr. Major is trustee. F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORBC Restricted Stock Units (Time Based) Disposed to Issuer -14,598 -100% 0 01 Sep 2021 Common Stock 14,598 $0.000000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among GI DI Orion Acquisition Inc., a Delaware corporation ("Parent"), GI DI Orion Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Parent, and ORBCOMM Inc., a Delaware corporation, in exchange for $11.50 per share upon the consummation of the transactions contemplated by the Merger Agreement (the "Merger"). The Merger closed on September 1, 2021.
F2 Upon consummation of the Merger, each time-based restricted stock unit was cancelled in exchange for a cash payment equal to $11.50.