Globalstar, Inc. — Director's Dealing 2011

Apr 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2011-04-14

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
2011-04-14	Voting Common Stock	X	575000	$0.87	Acquired	1090000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-14	Common Stock Warrants (right to buy)	$0.87	X	575000	Disposed	2014-06-19	Voting Common Stock (575000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Voting Common Stock	146465355	Indirect
Nonvoting Common Stock	19275750	Indirect
Voting Common Stock	38640750	Indirect
Voting Common Stock	618558	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Warrant (right to buy)	$0.01	2014-12-31	Voting Common Stock (11276114)	11276114	Indirect
Common Stock Warrant (right to buy)	$0.01	2014-06-19	Voting Common Stock (4205608)	4205608	Indirect
Stock Option (right to buy)	$0.38	2013-11-14	Voting Common Stock (200000)	200000	Direct

Footnotes

F1: Thermo Funding Company and its affiliates may not own more than 70% of the Issuer's voting common stock. Nonvoting common stock may be issued to prevent any exercise from exceeding the 70% limit.