Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ORBCOMM Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.001 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
68555P100
- --------------------------------------------------------------------------------
(CUSIP Number)
May 31, 2007
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 9 pages
- ------------------- -----------------
CUSIP No. 68555P100 Page 2 of 9 Pages
- ------------------- -----------------
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Ridgewood Satellite LLC
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,764,108*
---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,764,108*
---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
- ------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,764,108*
- ------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.37%
- ------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
OO
- ------------------------------------------------------------------------------
* Includes 88,028 shares issuable under warrants that are immediately
exercisable.
Page 2 of 9 pages
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CUSIP No. 68555P100 Page 3 of 9 Pages
- ------------------- -----------------
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Ridgewood Venture Management Corporation
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,764,108*
---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,764,108*
---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
- ------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,764,108*
- ------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.37%
- ------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------------------------
* Includes 88,028 shares issuable under warrants that are immediately
exercisable.
Page 3 of 9 pages
- ------------------- -----------------
CUSIP No. 68555P100 Page 4 of 9 Pages
- ------------------- -----------------
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Robert E. Swanson
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,764,108*
---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,764,108*
---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
- ------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,764,108*
- ------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.37%
- ------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------------------------
* Includes 88,028 shares issuable under warrants that are immediately
exercisable.
Page 4 of 9 pages
Item 1.
(a) Name of Issuer:
ORBCOMM Inc.
(b) Address of Issuer's Principal Executive Offices:
2115 Linwood Ave., Suite 100
Fort Lee, New Jersey 07024
Item 2.
(a) Name of Person Filing:
(i) Ridgewood Satellite LLC
(ii) Ridgewood Venture Management Corporation, the manager of
Ridgewood Satellite LLC
(iii) Robert Swanson
(b) Address of Principal Business Office or, if none, Residence:
The address for Ridgewood Satellite LLC, Ridgewood Venture Management
Corporation and Robert E. Swanson is:
947 Linwood Ave.
Ridgewood, New Jersey 07450
(c) Citizenship:
(i) Ridgewood Satellite LLC: Delaware
(ii) Ridgewood Venture Management Corporation: Delaware
(iii) Robert E. Swanson: United States of America
(d) Title of Class of Securities:
Common Stock, $0.001 par value per share
(e) CUSIP Number:
68555P100
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Page 5 of 9 pages
Item 4. Ownership
(1) Ridgewood Satellite LLC
(a) Amount beneficially owned: 1,764,108*
(b) Percent of class: 4.37%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 1,764,107*
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
1,764,107*
(iv) Shared power to dispose or to direct the disposition of: 0
(2) Ridgewood Venture Management Corporation
(a) Amount beneficially owned: 1,764,108*
(b) Percent of class: 4.37%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 1,764,107*
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
1,764,107*
(iv) Shared power to dispose or to direct the disposition of: 0
(3) Robert E. Swanson
(a) Amount beneficially owned: 1,764,108*
(b) Percent of class: 4.37%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 1,764,107*
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
1,764,107*
(iv) Shared power to dispose or to direct the disposition of: 0
* Includes 88,028 shares issuable under warrants that are immediately
exercisable.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
of more than five percent of the class of securities, check the
following [X]
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Page 6 of 9 pages
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company or Control
Person
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
Page 7 of 9 pages
Signature
After reasonable inquiry and to the best of our knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: June , 2007
Ridgewood Satellite LLC
By: /s/ Robert L. Gold
--------------------------------------
Name: Robert L. Gold
Title: President of Ridgewood Venture
Management Corporation, Manager
Page 8 of 9 pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned acknowledge and agree that the foregoing statement on Schedule
13G is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement on Schedule 13G shall be filed on behalf of each of
the undersigned without the necessity of filing additional joint acquisition
statements. The undersigned acknowledge that each shall be responsible for the
timely filing of such amendments, and for the completeness and accuracy of the
information concerning him or it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent that he or it knows or has reason to believe that such
information is inaccurate.
Dated: February 13, 2007
RIDGEWOOD SATELLITE LLC
By: /s/ Robert L. Gold
--------------------------------------
Name: Robert L. Gold
Title: CEO of Ridgewood Venture
Management Corporation, Manager
RIDGEWOOD VENTURE
MANAGEMENT CORPORATION
By: /s/ Robert L. Gold
--------------------------------------
Name: Robert L. Gold
Title: CEO
ROBERT E. SWANSON
By: /s/ Robert E. Swanson
--------------------------------------
Page 9 of 9 pages