Globalstar, Inc. — Director's Dealing 2013

Mar 9, 2013

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2013-02-25

Reporting Person: Clary Rebecca (Chief Accounting Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Voting Common Stock	269	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$1.66	2020-10-12	Voting Common Stock (15000)		Direct
Stock Option (Right to Buy)	$0.4	2021-10-04	Voting Common Stock (75000)		Direct
Stock Option (Right to Buy)	$0.61	2021-11-08	Voting Common Stock (25000)		Direct

Footnotes

F1: Options vest in four equal installments on the anniversary of grant in 2011, 2012, 2013 and 2014.

F2: 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 agreement is signed for the sale of the company, as determined by the Board of Directors in its reasonable discretion.