Globalstar, Inc. — Director's Dealing 2012

Apr 12, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2011-10-04

Reporting Person: Navarra Anthony J (President, Global Operations)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-04	Stock Option (Right to Buy)	$0.4	A	100000	Acquired	2021-10-04	Voting Common Stock (100000)	Direct

Footnotes

F1: Options become exercisable on the earlier of (i) the first trading day after the company's voting common stock trades for more than 10 consecutive days at or above the closing price of $2.50 and (ii) the day that a binding written agreement is signed for the sale of the company, as determined by the Board of Directors in its reasonable discretion.