Globalstar, Inc. — Director's Dealing 2010

Dec 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2010-12-23

Reporting Person: Monroe James III (Director, Executive Chairman, 10% Owner)
Reporting Person: Globalstar Holdings, LLC (10% Owner)
Reporting Person: Thermo Funding CO LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-23	Voting Common Stock	P	80000	$1.52	Acquired	146465355	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Nonvoting Common Stock	19275750	Indirect
Voting Common Stock	38640750	Indirect
Voting Common Stock	618558	Indirect
Voting Common Stock	515000	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. The shares were purchased in mulitple transactions at prices ranging from $1.49 to $1.55. The Reporting Person undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth above.