Eric T. Olson - Jul 7, 2021 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Stock symbol
IRDM
Transactions as of
Jul 7, 2021
Transactions value $
$3,750
Form type
4
Date filed
7/9/2021, 05:17 PM
Previous filing
Jul 2, 2021
Next filing
Sep 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Award $3.75K +96 +0.08% $39.06 117K Jul 7, 2021 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
F2 The shares underlying this restricted stock unit award vest in full on July 7, 2022, subject to the reporting person's continued service with the issuer.
F3 The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of committee retainer fees of $3,750, representing a prorated portion of the issuer's standard annual compensation committee member retainer.
F4 Amount beneficially owned following the transaction reflects the non-reportable cancellation of 60 restricted stock units previously granted to the reporting person upon his resignation from the issuer's nominating and corporate governance committee.