Matthew J. Desch - Aug 5, 2022 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Chief Executive Officer, Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Stock symbol
IRDM
Transactions as of
Aug 5, 2022
Transactions value $
-$3,208,536
Form type
4
Date filed
8/9/2022, 04:37 PM
Previous filing
Jun 2, 2022
Next filing
Sep 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Options Exercise $1.09M +179K +26.67% $6.08* 849K Aug 5, 2022 Direct
transaction IRDM Common Stock Sale -$4.22M -92.9K -10.95% $45.38 756K Aug 5, 2022 Direct F1, F2
transaction IRDM Common Stock Sale -$78.1K -1.72K -0.23% $45.35 754K Aug 8, 2022 Direct F1, F3

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 -179K -100% $0.00* 0 Aug 5, 2022 Common Stock 179K $6.08 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These sales were for the sole purpose of paying the exercise price of the option reported on Table II of this form and the associated tax withholding obligations.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.165 to $45.76, 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 Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.345 to $45.36, 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 Form 4.
F4 The options vested and became exercisable as to 25% of the shares on March 1, 2014 and quarterly thereafter in equal installments on June 1, September 1 and December 1 so that all shares of common stock underlying the option vested and became exercisable on March 1, 2017.