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Globalstar, Inc. — Director's Dealing 2017
Aug 10, 2017
31104_dirs_2017-08-10_65117bb8-12e9-43bc-86b4-fc6147e86c8f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2017-08-08
Reporting Person: Ponder L Barbee IV (General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-08-08 | Voting Common Stock | F | 81001 | $2.04 | Disposed | 476730 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $1.97 | 2023-12-13 | Voting Common Stock (40000.0) | 40000 | Direct |
| Stock Option (Right to Buy) | $2.58 | 2024-12-12 | Voting Common Stock (40000.0) | 40000 | Direct |
| Stock Option (Right to Buy) | $1.64 | 2020-07-13 | Voting Common Stock (50000.0) | 50000 | Direct |
Footnotes
F1: Shares withheld, based on the fair market value of the Common Stock on August 8, 2017, to pay required withholding taxes upon the vesting of 250,000 shares pursuant to a performance based Restricted Stock Award granted May 16, 2016 under the Company's Equity Incentive Plan. The full award was previously reported. Vesting occurred as a result of the FCC issuance to Globalstar of a modified licenses permitting terrestrial services.
F2: Options are exercisable.
F3: Options vest as to one-third each on December 12, 2015, 2016 and 2017.