Sec Form 4 Filing - Hume Emmett @ ORBCOMM Inc. - 2007-07-30

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
Hume Emmett
2. Issuer Name and Ticker or Trading Symbol
ORBCOMM Inc. [ ORBC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Former officer
(Last) (First) (Middle)
48 HAMLET COURT
3. Date of Earliest Transaction (MM/DD/YY)
07/30/2007
(Street)
SKILLMAN, NJ08558
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 50,601 I By Emmett Hume IRA
Common Stock 42,910 D
Common Stock 21,721 I By David Hume Trust
Common Stock 22,721 I By Cara Hume Trust
Restricted Stock Units (Time Vested) ( 1 ) 07/30/2007 J 2,489 D 0 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
Stock Options ( 2 ) $ 4.26 07/30/2007 J 10,831 ( 3 ) ( 3 ) Common Stock 10,831 $ 0 14,167 D
Stock Options ( 2 ) $ 4.26 08/06/2007 D 14,167 ( 4 ) ( 4 ) Common Stock 14,167 $ 0 0 D
Stock Options $ 4.26 08/06/2007 A 14,167 ( 4 ) 07/30/2008 Common Stock 14,167 $ 0 14,167 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hume Emmett
48 HAMLET COURT
SKILLMAN, NJ08558
Former officer
Signatures
/s/ Emmett Hume 08/17/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each Time Vested Restricted Stock Unit ("TV RSU") represents the right to receive one share of common stock. Mr. Hume's unvested TV RSUs lapsed on July 30, 2007.
( 2 )83,334 Options were issued on December 3, 2004, of which 16,667 Options vested on such date and the remaining 66,667 Options vested at a rate of 4,167 per quarter beginning December 31, 2004.
( 3 )10,831 unvested options lapsed unexercised upon termination of Mr. Hume's employment with the Company on Juy 30, 2007.
( 4 )Pursuant to a Separation Agreement dated July 30, 2007 between Mr. Hume and ORBCOMM Inc., 10,000 unvested stock options vested and all vested stock options will be exercisable until July 30, 2008. As a result of the amendment to the outstanding options, a total of 14,167 vested options were deemed cancelled and a total of 14,167 replacement options were deemed granted.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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