ORBCOMM Inc. (NASDAQ:ORBC) Files An 8-K Other Events
Item 8.01. Other Events

On August16 and 17, 2017, each of the following executive officers and one director of ORBCOMM Inc. (the “Company”) reported on Forms 4 that he had exercised Stock Appreciation Rights (“SARs”) granted in March 2008 with an exercise price of $4.96, in advance of the upcoming expiration of the SARs on March31, 2018, as follows:

The exercises of these SARs (and the sale of some or all of the shares of common stock received as payment for the SAR exercises) were completed in an open period under the Company’s insider trading policy, following the Company’s release of its second quarter 2017 earnings on August3, 2017. There are a limited number of open periods remaining prior to the March31, 2018 expiration date of these SARs, with no certainty that there would be another available open window before the SAR expiration date.

Marc Eisenberg’s exercise of 425,000 SARs resulted in the Company issuing him 238,226 shares of the Company’s common stock, of which he sold 115,000 shares of common stock in the open market to cover income tax obligations associated with the exercise of the SARs. Marc Eisenberg continues to hold the remaining 123,226 shares of common stock resulting from the exercise of these SARs.

Jerome Eisenberg’s exercise of 100,000 SARs resulted in the Company issuing him 56,222 shares of the Company’s common stock, of which he sold 24,000 shares of common stock to cover income tax obligations associated with the exercise of the SARs. Jerome Eisenberg continues to hold the remaining 32,222 shares of common stock resulting from the exercise of these SARs. Jerome Eisenberg also has in place a pre-arranged Rule 10b5-1 trading plan. Under the Rule 10b5-1 trading plan, Jerome Eisenberg may sell up to a maximum of 7,000 shares of the Company’s common stock each calendar month, subject to the stock price being at or above certain prices specified in the Rule 10b5-1 trading plan.

The SAR exercise and resulting sales transactions described herein have been disclosed publicly through Form 4 filings made by the executive officers and director with the Securities and Exchange Commission. Except as may be required by law, the Company does not undertake to report on specific SAR exercises or pre-arranged Rule 10b5-1 stock trading plans of Company’s executive officers or directors, nor to report modifications or terminations of the aforementioned plan or the plans of any other individual.

About ORBCOMM Inc. (NASDAQ:ORBC)

ORBCOMM Inc. is a provider of machine-to-machine (M2M) solutions, including network connectivity, devices and Web reporting applications. The Company’s M2M products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, intermodal containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in the transportation and distribution, heavy equipment, oil and gas, maritime and government industries. It provides Automatic Identification System (AIS) data services to assist in vessel navigation and to improve maritime safety to government and commercial customers across the world. The Company provides its services using various network platforms, including its own constellation of approximately 40 low-Earth orbit (LEO) satellites and its accompanying ground infrastructure.