A. B. Krongard - Jan 5, 2022 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Stock symbol
IRDM
Transactions as of
Jan 5, 2022
Transactions value $
$67,440
Form type
4
Date filed
1/7/2022, 04:04 PM
Previous filing
Jan 3, 2022
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Award $0 +4.96K +1.15% $0.00 437K Jan 5, 2022 Direct F1, F2, F3
transaction IRDM Common Stock Award $67.4K +1.76K +0.4% $38.34 439K Jan 5, 2022 Direct F1, F2, F4
holding IRDM Common Stock 161K Jan 5, 2022 By Krongard Irrevocable Equity Trust dated June 30, 2009 F5
* 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 on January 5, 2023, 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.
F4 The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of (i) annual cash board member retainer fees of $50,000, (ii) committee chair fees in the amount of $10,000, and (iii) committee member fees in the amount of $7,500.
F5 These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.