Globalstar, Inc. — Director's Dealing 2017

Mar 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2017-02-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-28	Voting Common Stock	A	52190	—	Acquired	146040	Direct
2017-02-28	Voting Common Stock	F	18567	$1.37	Disposed	127473	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)	$1.21	2026-01-13	Voting Common Stock (50000.0)	50000	Direct

Footnotes

F1: Award under the Company's 2016 Key Employee Bonus Plan.

F2: Shares withheld, based on the fair market value of the Common Stock on February 28, 2017, to pay required withholding taxes upon the vesting of shares pursuant to an award under the Company's 2016 Key Employee Bonus Plan.

F3: Award under 2006 Equity Incentive Plan. Award vests as to one-third on each of January 13, 2017, 2018 and 2019.