Sec Form 5 Filing - Canfield Thomas C @ Iridium Communications Inc. - 2019-12-31

Insider filing report for Changes in Beneficial Ownership
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FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Canfield Thomas C
2. Issuer Name and Ticker or Trading Symbol
Iridium Communications Inc. [ IRDM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2019
(Street)
MCLEAN, VA22102
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/15/2019 C 10,036 A 232,951 ( 2 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
6.75% Series B Cumulative Perpetual Convertible Preferred ( 1 ) 05/15/2019 C 300 ( 3 ) ( 4 ) Common Stock 10,036 ( 5 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Canfield Thomas C
C/O IRIDIUM COMMUNICATIONS INC.
1750 TYSONS BOULEVARD, SUITE 1400
MCLEAN, VA22102
X
Signatures
/s/ Brian Leaf, Attorney-in-Fact 01/31/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The 6.75% Series B Cumulative Perpetual Convertible Preferred Stock mandatorily converted into shares of Common Stock on May 15, 2019 at a conversion price of approximately $7.47 per share (equivalent to a conversion rate of 33.456 shares of Common Stock for each share of 6.75% Series B Cumulative Perpetual Convertible Preferred Stock). Upon the mandatory conversion of such Convertible Stock, accrued and unpaid dividends were paid in cash by the Issuer.
( 2 )On January 8, 2020, the Reporting Person filed a Form 4 to report the acquisition of restricted stock units. Including the shares reported on this Form 5, the number of shares of common stock beneficially owned following the transactions reported on the Form 4 filed on January 8, 2020 was 240,938.2.
( 3 )These shares were convertible at any time into shares of the Issuer's common stock at the conversion rate set forth in Footnote (1) to this Form 5.
( 4 )These securities had no expiration date.
( 5 )The Reporting Person converted the 6.75% Series B Cumulative Perpetual Convertible Preferred Stock into the shares reported as acquired in Table I of this Form 5.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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