Suzanne E. McBride - Jul 28, 2021 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Signature
/s/ Brian Leaf, Attorney-in-Fact
Stock symbol
IRDM
Transactions as of
Jul 28, 2021
Transactions value $
-$577,490
Form type
4
Date filed
7/30/2021, 06:48 PM
Previous filing
Jun 3, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Options Exercise $754K +32.6K +44.25% $23.15 106K Jul 28, 2021 Direct
transaction IRDM Common Stock Sale -$1.33M -32.6K -30.68% $40.89 73.6K Jul 28, 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 IRDM Employee Stock Option (Right to Buy) Options Exercise $0 -32.6K -48.44% $0.00 34.7K Jul 28, 2021 Common Stock 32.6K $23.15 Direct F2

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.74 to $41.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F2 25% of the shares underlying the option vested and became exercisable on March 1, 2020 and the remaining shares underlying the option vest and become exercisable quarterly thereafter in equal installments on June 1, September 1 and December 1 so that all shares of common stock underlying the option shall vest and become exercisable on March 1, 2023.