Robert H. Niehaus - Aug 2, 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
Aug 2, 2021
Transactions value $
-$1,028,088
Form type
4
Date filed
8/4/2021, 06:06 PM
Previous filing
Dec 8, 2021
Next filing
Jan 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Options Exercise $98.9K +13.8K +4.1% $7.19 349K Aug 2, 2021 Direct
transaction IRDM Common Stock Options Exercise $107K +15.6K +4.45% $6.86 365K Aug 2, 2021 Direct
transaction IRDM Common Stock Sale -$1.23M -29.3K -8.03% $42.09 336K Aug 2, 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 Stock Option (Right to Buy) Options Exercise $0 -13.8K -100% $0.00* 0 Aug 2, 2021 Common Stock 13.8K $7.19 Direct F2
transaction IRDM Stock Option (Right to Buy) Options Exercise $0 -15.6K -100% $0.00* 0 Aug 2, 2021 Common Stock 15.6K $6.86 Direct F3
* An asterisk sign (*) next to the price indicates that the 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 $41.90 to $42.42, 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 This option is fully vested and exercisable. The shares underlying this option vested in four equal quarterly installments on the last day of each calendar quarter during 2012.
F3 This option is fully vested and exercisable. The shares underlying this option vested in four equal quarterly installments on the last day of each calendar quarter during 2013.