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

Role: Chief Operations Officer, Director
Signature: /s/ Brian Leaf, Attorney-in-Fact
Issuer symbol: IRDM
Transactions as of: 28 Jul 2021
Net transactions value: -$577,490
Form type: 4
Filing time: 30 Jul 2021, 18:48:18 UTC
Previous filing: 03 Jun 2021
Next filing: 03 Sep 2021
SEC: View on sec.gov

Key filing fact

Suzanne E. McBride filed Form 4 for Iridium Communications Inc. (IRDM) on 30 Jul 2021.

Key facts

This page summarizes Suzanne E. McBride's Form 4 filing for Iridium Communications Inc. (IRDM).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 30 Jul 2021, 18:48.

Change

Previous filing in this sequence was filed on 03 Jun 2021.
Current net transaction value: -$577,490.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

IRDM transaction

Common Stock

Options Exercise

Transaction value: $753,602
Shares: +32,553
Change %: +44%
Price: $23.15
Shares after: 106,120
Date: 28 Jul 2021
Ownership: Direct

IRDM transaction

Common Stock

Sale

Transaction value: $1,331,092
Shares: -32,553
Change %: -31%
Price: $40.89
Shares after: 73,567
Date: 28 Jul 2021
Ownership: Direct
Footnotes: F1

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

IRDM transaction Derivative

Employee Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -32,553
Change %: -48%
Price: $0.000000
Shares after: 34,654
Date: 28 Jul 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 32,553
Exercise price: $23.15
Footnotes: F2

An asterisk next to the price means the reported price is likely invalid.

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.

Content

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.

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.