Globalstar, Inc. — Director's Dealing 2017

Dec 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2017-12-11

Reporting Person: Kagan David B. (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-11	Voting Common Stock	F	3151	$1.21	Disposed	843849	Direct
2017-12-11	Voting Common Stock	F	3150	$1.21	Disposed	840699	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$1.21	2026-01-13	Voting Common Stock (250000.0)	250000	Direct
Stock Option (Right to Buy)	$1.36	2027-12-06	Voting Common Stock (750000.0)	750000	Direct

Footnotes

F1: Shares withheld, based on the fair market value of the Common Stock on December 11, 2017 to pay required withholding taxes upon the vesting of a Restricted Stock Award under the Company's Equity Incentive Plan. The full award was previously reported.

F2: Award under 2006 Equity Incentive Plan. Award vests as to 10% after year 1, 15% after year 2 (25% cumulative), 25% after year 3 (50% cumulative) and the remaining 50% after year 4, or upon a change of control.