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: Clary Rebecca (VP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-28	Voting Common Stock	A	42701	—	Acquired	341175	Direct
2017-02-28	Voting Common Stock	F	13519	$1.37	Disposed	327656	Direct
2017-03-02	Voting Common Stock	S	34274	$1.42	Disposed	293382	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$2.58	2024-12-12	Voting Common Stock (40000.0)	40000	Direct
Stock Option (Right to Buy)	$3.99	2024-08-27	Voting Common Stock (40000.0)	40000	Direct
Stock Option (Right to Buy)	$1.97	2023-12-13	Voting Common Stock (40000.0)	40000	Direct
Stock Option (Right to Buy)	$0.4	2021-10-03	Voting Common Stock (75000.0)	75000	Direct
Stock Option (Right to Buy)	$1.66	2020-10-12	Voting Common Stock (15000.0)	15000	Direct
Stock Option (Right to Buy)	$0.61	2021-11-08	Voting Common Stock (25000.0)	25000	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 December 12, 2015, 2016 and 2017.

F4: Award under 2006 Equity Incentive Plan. Award vests as to one-third on each of August 27, 2015, 2016 and 2017.