Globalstar, Inc. — Director's Dealing 2009

Sep 25, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2009-09-23

Reporting Person: Dalton Peter J (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-23	Stock Option (Right to Buy)	$0.83	A	3000000	Acquired	2019-09-23	Common Stock (3000000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$0.9	2019-08-04	Common Stock (200000)	200000	Direct
Stock Option (Right to Buy)	$0.38	2018-11-14	Common Stock (200000)	200000	Direct
Stock Option (Right to Buy)	$2.67	2011-03-16	Common Stock (120000)	120000	Direct

Footnotes

F1: Fifty percent of the options were exercisable on the grant date. The other 50% will become exercisable after the closing price of the Issuer's common stock is at or above $3.00 per share for 20 consecutive trading days.

F2: 100,000 options were exercisable on the grant date. Remaining 100,000 options will become exercisable on a pro-rated basis each month from September 1, 2009 through November 1, 2010.

F3: All options are exercisable, but 100,000 are subject to forfeiture based on continued service and other conditions.