Globalstar, Inc. — Director's Dealing 2013

Jul 16, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2013-07-12

Reporting Person: Ponder L Barbee IV (General Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-12	Stock Option (Right to Buy)	$0.4	D	185000	Disposed	2021-10-04	Voting Common Stock (185000)	Direct
2013-07-12	Stock Option (Right to Buy)	$0.4	A	185000	Acquired	2021-10-04	Voting Common Stock (185000)	Direct

Footnotes

F1: The reported transactions involved an amendment of the vesting criteria of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on October 4, 2011 and now provides for vesting on the earlier of (i) the first trading day after the company's voting common stock trades for more than 10 consecutive trading days at or above the closing price of $0.80 and (ii) the day that a binding agreement is signed for the sale of the company as determined by the Board of Directos in its reasonable discretion.