Globalstar, Inc. — Director's Dealing 2013

Feb 15, 2013

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2012-12-31

Reporting Person: Monroe James III (Director, Chief Executive Officer, 10% Owner)
Reporting Person: FL INVESTMENT 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
2012-05-30	Voting Common Stock	J	146465355	—	Acquired	193117674	Indirect
2012-05-30	Nonvoting Common Stock	J	106767684	—	Acquired	135000000	Indirect
2012-10-15	Nonvoting Common Stock	J	20338039	$0.36	Acquired	135000000	Indirect
2012-11-23	Voting Common Stock	J	17247261	$0.28	Acquired	193117674	Indirect
2012-11-23	Nonvoting Common Stock	J	7894277	$0.28	Acquired	135000000	Indirect
2012-12-31	Voting Common Stock	J	27944712	$0.31	Acquired	193117674	Indirect
2012-01-11	Nonvoting Common Stock	J	22546012	$0.43	Acquired	0	Indirect
2012-03-23	Nonvoting Common Stock	J	14135615	$0.62	Acquired	0	Indirect
2012-05-30	Nonvoting Common Stock	J	14204545	$0.32	Acquired	0	Indirect
2012-05-30	Voting Common Stock	J	146465355	—	Disposed	0	Indirect
2012-05-30	Nonvoting Common Stock	J	106767684	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-30	Common Stock Warrant (Right to Buy)	$.01	J	16896552	Acquired	2016-06-19	Voting Common Stock (16896552)	Indirect
2012-05-30	Common Stock Warrant (Right to Buy)	$1.25	J	8000000	Acquired	2016-06-14	Voting Common Stock (8000000)	Indirect
2012-05-30	Common Stock Warrant (Right to Buy)	$.01	J	4205608	Acquired	2016-06-19	Voting Common Stock (4205608)	Indirect
2012-06-30	Common Stock Warrant (Right to Buy)	$.32	J	5741655	Acquired	2014-06-19	Voting Common Stock (5741655)	Indirect
2012-06-30	Common Stock Warrant (Right to Buy)	$.01	J	16896552	Disposed	2016-06-19	Voting Common Stock (16896552)	Indirect
2012-05-30	Common Stock Warrant (Right to Buy)	$1.25	J	8000000	Disposed	2016-06-14	Voting Common Stock (8000000)	Indirect
2012-05-30	Common Stock Warrant (Right to Buy)	$.01	J	4205608	Disposed	2016-06-19	Voting Common Stock (4205608)	Indirect
2012-06-19	Common Stock Warrant (Right to Buy)	$.01	J	16428571	Acquired	2017-06-19	Voting Common Stock (16428571)	Indirect
2012-06-19	Common Stock Warrant (Right to Buy)	$.01	J	8142857	Acquired	2017-06-19	Voting Common Stock (8142857)	Indirect

Holdings (Non-Derivative)

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

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$.38	2008-11-14	Voting Common Stock (200000)	200000	Direct

Footnotes

F1: Distributed by Thermo Funding Company LLC to Trust.

F2: Nonvoting Common Stock issued upon draw from contingent equity account pursuant to the Contingent Equity Agreement dated June 19, 2009.

F3: Warrants issued for annual loan fee under the Contingent Equity Agreement dated June 19, 2009.

F4: Warrants issued under anti-dilution provision of warrants issued in connection with the Company's 8% Convertible Senior Unsecured Notes.

F5: N/A