SEC Form 4
FORM 4 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Ridgewood Satellite LLC

(Last) (First) (Middle)
947 LINWOOD AVENUE

(Street)
RIDGEWOOD NJ 07450

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ORBCOMM Inc. [ ORBC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/08/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 11/08/2006 C 1,056,338 A ( 1 ) 1,056,338 D
Common Stock 11/08/2006 C 448,233 A ( 1 ) 1,504,571 D
Common Stock 11/08/2006 C 1,654,259 A ( 2 ) 3,158,830 D
Common Stock 11/08/2006 C 219,538 A ( 2 ) 3,378,368 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Series A Preferred Stock Warrant ( 3 ) $2.84 11/08/2006 J ( 3 ) 132,042 02/17/2004 11/05/2008 Series A Convertible Redeemable Preferred Stock 132,042 $0 88,028 D
Series A Convertible Redeemable Preferred Stock ( 1 ) 11/08/2006 C 1,584,507 02/17/2004 ( 1 ) Common Stock 1,056,338 $0 0 D
Series A Convertible Redeemable Preferred Stock ( 1 ) 11/08/2006 C 672,349 08/13/2004 ( 1 ) Common Stock 448,233 $0 0 D
Series B Convertible Redeemable Preferred Stock ( 2 ) 11/08/2006 C 2,481,388 12/30/2005 ( 2 ) Common Stock 1,654,259 $0 0 D
Series B Convertible Redeemable Preferred Stock ( 2 ) 11/08/2006 C 146,358 01/11/2006 ( 2 ) Common Stock 219,538 $0 0 D
Common Stock Warrant ( 3 ) $4.26 11/08/2006 J ( 3 ) 88,028 02/17/2004 11/05/2008 Common Stock 88,028 $0 88,028 D
1. Name and Address of Reporting Person*
Ridgewood Satellite LLC

(Last) (First) (Middle)
947 LINWOOD AVENUE

(Street)
RIDGEWOOD NJ 07450

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Ridgewood Venture Management CORP

(Last) (First) (Middle)
947 LINWOOD AVENUE

(Street)
RIDGEWOOD NJ 07450

(City) (State) (Zip)
Explanation of Responses:
1. The Series A Convertible Redeemable Preferred Stock automatically converted into common stock on the basis of two shares of common stock for every three shares of Preferred Stock and has no expiration date.
2. The Series B Convertible Redeemable Preferred Stock automatically converted into common stock on the basis of two shares of common stock for every three shares of Preferred Stock and has no expiration date.
3. Upon the automatic conversion of the Series A Convertible Redeemable Preferred Stock into common stock, the Series A Preferred Stock Warrant became a warrant to purchase common stock on the basis of two shares of common stock for every three shares of Preferred Stock subject to the Series A Preferred Stock Warrant and the exercise price was adjusted to $4.26 per share of common stock.
/s/ Brad Franco, by power of attorney 11/13/2006
** Signature of Reporting Person Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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