Constantine Milcos - 01 Sep 2021 Form 4 Insider Report for ORBCOMM Inc.

Role: EVP and CFO
Signature: /s/Christian Le Brun, by power of attorney.
Issuer symbol: N/A
Transactions as of: 01 Sep 2021
Net transactions value: -$63,928
Form type: 4
Filing time: 03 Sep 2021, 06:18:05 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		-104,008	-100%		0	01 Sep 2021	Direct	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	Stock Appreciation Right	Disposed to Issuer	$29,890	-6,100	-100%	$4.90	0	01 Sep 2021	Common Stock	6,100	$6.60	Direct	F2
transaction	ORBC	Stock Appreciation Right	Disposed to Issuer	$34,038	-6,100	-100%	$5.58	0	01 Sep 2021	Common Stock	6,100	$5.92	Direct	F2
transaction	ORBC	Restricted Stock Unit (Time Vested)	Disposed to Issuer		-24,311	-100%		0	01 Sep 2021	Stock	24,311	$0.000000	Direct	F3
transaction	ORBC	Restricted Stock Unit (Performance Vested)	Disposed to Issuer		-24,311	-100%		0	01 Sep 2021	Common Stock	24,311	$0.000000	Direct	F4
transaction	ORBC	Performance Right (Performance Unit Award)	Disposed to Issuer		-18,260	-100%		0	01 Sep 2021	Common Stock		$0.000000	Direct	F5

* 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 such stock appreciation right was canceled in exchange for a cash payment equal to the difference between $11.50 and the exercise price of the stock appreciation right.
F3	Upon consummation of the Merger, each time-based restricted stock unit was cancelled in exchange for a cash payment equal to $11.50.
F4	Upon consummation of the Merger, a number of performance-vesting restricted stock units equal to the "target" level was cancelled in exchange for a cash payment equal to $11.50 and any remaining performance-vesting restricted stock units were cancelled for no consideration.
F5	Upon consummation of the Merger, these performance unit awards were cancelled in exchange for a cash payment equal to $210,000.