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.
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(Name of Issuer)
Common Stock, $0.001 par value per share
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(Title of Class of Securities)
68555P100
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(CUSIP Number)
May 31, 2007
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(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 14 pages
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CUSIP No. 68555P100 Page 2 of 14 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Franco Family L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER
SHARES 721,694
---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 721,694
---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
721,694
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.8%
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12. TYPE OF REPORTING PERSON
PN
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Page 2 of 14 pages
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CUSIP No. 68555P100 Page 3 of 14 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Franco Mgt. L.L.C.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
------------------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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NUMBER OF 5. SOLE VOTING POWER
SHARES 721,694
---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 721,694
---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
721,694
------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.8%
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12. TYPE OF REPORTING PERSON
OO
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Page 3 of 14 pages
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CUSIP No. 68555P100 Page 4 of 14 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Estate of Don Franco
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
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12. TYPE OF REPORTING PERSON
OO
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Page 4 of 14 pages
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CUSIP No. 68555P100 Page 5 of 14 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Nancy M. Franco 2006 GRAT
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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NUMBER OF 5. SOLE VOTING POWER
SHARES 499,294
---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 499,294
---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
499,294
------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2%
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12. TYPE OF REPORTING PERSON
OO
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Page 5 of 14 pages
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CUSIP No. 68555P100 Page 6 of 14 Pages
------------------- ------------------
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Bradley C. Franco
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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
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NUMBER OF 5. SOLE VOTING POWER
SHARES 1,225,673
---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,225,673
---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,225,673
------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.0%
------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
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Page 6 of 14 pages
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CUSIP No. 68555P100 Page 7 of 14 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Nancy M. Franco
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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 275,000
---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 275,000
---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
380,038
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%
------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
Page 7 of 14 pages
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CUSIP No. 68555P100 Page 8 of 14 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Trust Under The Will of Don Franco Article Fourth
------------------------------------------------------------------------------
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 105,038
---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 105,038
---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
105,038
------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.3%
------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
00
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Page 8 of 14 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. Franco Family L.P.
ii. Franco Mgt. L.L.C., which is the general partner of Franco
Family L.P.
iii. Estate of Don Franco
iv. Nancy M. Franco 2006 GRAT
v. Bradley C. Franco, who is the manager of Franco Mgt. L.L.C.,
the trustee of the Nancy M. Franco 2006 GRAT and the son of
Nancy M. Franco. Mr. Franco disclaims beneficial ownership of
the shares held by Franco Mgt. L.L.C. and the Nancy M. Franco
2006 GRAT except to the extent of his pecuniary interest
therein.
vi. Nancy M. Franco, who is the executrix of the Estate of Don
Franco and a trustee of the Trust Under The Will of Don
Franco Article Fourth. Mrs. Franco disclaims beneficial
ownership of the shares held by the Estate of Don Franco
except to the extent of her pecuniary interest therein.
vii. Trust Under The Will of Don Franco Article Fourth.
(b) Address of Principal Business Office or, if none, Residence:
i. Franco Family L.P.
13 Webster Avenue
Summit, NJ 07901
ii. Franco Mgt. L.L.C.
13 Webster Avenue
Summit, NJ 07901
iii. Estate of Don Franco
12 Hickory Hill Road
Saddle River, NJ 07458
iv. Nancy M. Franco 2006 GRAT
12 Hickory Hill Road
Saddle River, NJ 07458
v. Bradley C. Franco
13 Webster Avenue
Summit, NJ 07901
vi. Nancy M. Franco
12 Hickory Hill Road
Saddle River, NJ 07458
vii. Trust Under The Will of Don Franco Article Fourth
12 Hickory Hill Road
Saddle River, NJ 07458
Page 9 of 14 pages
(c) Citizenship:
i. Franco Family L.P.: Delaware
ii. Franco Mgt. L.L.C.: New Jersey
iii. Estate of Don Franco: N/A
iv. Nancy M. Franco 2006 GRAT: New Jersey
v. Bradley C. Franco: United States of America
vi. Nancy M. Franco: United States of America
vii. Trust Under The Will of Don Franco Article Fourth: N/A
(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.
Item 4. Ownership
(1) Franco Family L.P.
(a) Amount beneficially owned: 721,694
(b) Percent of class: 2.5%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 721,694
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
721,694
(iv) Shared power to dispose or to direct the disposition of: 0
(2) Franco Mgt. L.L.C.
(a) Amount beneficially owned: 721,694
(b) Percent of class: 2.5%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 721,694
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
721,694
(iv) Shared power to dispose or to direct the disposition of: 0
Page 10 of 14 pages
(3) Estate of Don Franco
(a) Amount beneficially owned: 0
(b) Percent of class: 0.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of: 0
(4) Nancy M. Franco 2006 GRAT
(a) Amount beneficially owned: 499,294
(b) Percent of class: 1.2%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 499,294
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
538,401
(iv) Shared power to dispose or to direct the disposition of: 0
(5) Bradley C. Franco
(a) Amount beneficially owned: 1,225,673
(b) Percent of class: 3.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 1,225,673
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
1,225,673
(iv) Shared power to dispose or to direct the disposition of: 0
(6) Nancy M. Franco
(a) Amount beneficially owned: 380,038
(b) Percent of class: 0.9%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 275,000
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
275,000
(iv) Shared power to dispose or to direct the disposition of: 0
(7) Trust Under The Will of Don Franco Article Fourth
(a) Amount beneficially owned: 105,038
(b) Percent of class: 0.3%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 105,038
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
105,038
(iv) Shared power to dispose or to direct the disposition of: 0
* Includes 275,000 and 47,904 shares of common stock issuable under options and
warrants, respectively, 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
more than five percent of the class of securities, check the following
[X].
Page 11 of 14 pages
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
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 12 of 14 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: July 2, 2007
FRANCO FAMILY L.P.
By: Franco Mgt. L.L.C., General Partner
By: /s/ Bradley C. Franco
------------------------------------
Name: Bradley C. Franco
Title: Manager
Page 13 of 14 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: July 2, 2007
FRANCO FAMILY L.P.
By: Franco Mgt. L.L.C., General Partner
By: /s/ Bradley C. Franco
------------------------------------
Bradley C. Franco
Manager
FRANCO MGT. L.L.C.
By: /s/ Bradley C. Franco
------------------------------------
Bradley C. Franco
Manager
ESTATE OF DON FRANCO
By: /s/ Nancy M. Franco
------------------------------------
Nancy M. Franco
Executrix
NANCY M. FRANCO 2006 GRAT
By: /s/ Bradley C. Franco
------------------------------------
Bradley C. Franco
Trustee
BRADLEY C. FRANCO
/s/ Bradley C. Franco
---------------------------------------
NANCY M. FRANCO
/s/ Nancy M. Franco
---------------------------------------
TRUST UNDER THE WILL OF DON FRANCO
ARTICLE FOURTH
By: /s/ Nancy M. Franco
------------------------------------
Nancy M. Franco
Trustee
By: /s/ John Franco
------------------------------------
John Franco
Trustee
By: /s/ Alan Doerner
------------------------------------
Alan Doerner
Trustee
Page 14 of 14 pages