Globalstar, Inc. — Director's Dealing 2018

Mar 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2018-02-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-27	Voting Common Stock	A	26455	—	Acquired	867154	Direct
2018-02-27	Voting Common Stock	F	9180	$0.945	Disposed	857974	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: Award under the Company's 2017 Key Employee Bonus Plan.

F2: Shares withheld, based on the fair market value of the Common Stock on February 27, 2018, to pay required withholding taxes upon the vesting of shares pursuant to an award under the Company's 2017 Key Employee Bonus Plan.

F3: 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.