Globalstar, Inc. — Director's Dealing 2010

Jan 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2010-01-26

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
2010-01-26	Nonvoting Common Stock	J	2525750	$0.9605	Acquired	19275750	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Voting Common Stock	146055497	Indirect
Voting Common Stock	515000	Indirect
Voting Common Stock	38640750	Indirect
Voting Common Stock	618558	Indirect

Footnotes

F1: Conversion of approximately $2.4 million of all principal and accrued interest outstanding under a short term loan provided by Thermo Funding Company LLC in June 2009 to meet a condition precedent to funding under the Issuer's Facility Agreement. The shares may not be converted into voting common stock until stockholder approval of the transaction is effective under applicable rules or at any time if such conversion would result in Thermo Funding Company and its affiliates owning more than 70% of the voting power of the Issuer.