Globalstar, Inc. — Director's Dealing 2019

Jan 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2018-12-27

Reporting Person: Lynch James F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-27	Voting Common Stock	A	106383	$0.47	Acquired	486383	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-27	Stock Option (Right to Buy)	$0.47	A	100000	Acquired	2028-12-27	Voting Common Stock (100000.0)	Direct
2018-12-27	Stock Option (Right to Buy)	$2.75	A	100000	Acquired	2029-01-02	Voting Common Stock (100000.0)	Direct
2018-12-27	Stock Option (Right to Buy)	$0.63	A	200000	Acquired	2029-01-02	Voting Common Stock (200000.0)	Direct
2018-12-27	Stock Option (Right to Buy)	$1.19	A	200000	Acquired	2029-01-02	Voting Common Stock (200000.0)	Direct
2018-12-27	Stock Option (Right to Buy)	$2.75	J	100000	Disposed	2026-05-16	Voting Common Stock (100000.0)	Direct
2018-12-27	Stock Option (Right to Buy)	$0.63	J	200000	Disposed	2023-08-08	Voting Common Stock (200000.0)	Direct
2018-12-27	Stock Option (Right to Buy)	$1.19	J	200000	Disposed	2021-05-03	Voting Common Stock (200000.0)	Direct

Footnotes

F1: Award under 2006 Equity Incentive Plan.

F2: In connection with the vesting of equity awards held by departing directors pursuant to the Company's previously disclosed Settlement Agreement, stock option awards held by certain continuing directors, including Mr. Lynch, were terminated by the Company, and the Company made new stock option awards to the continuing directors.

F3: Option award was terminated in connection with option award of the same number of underlying shares at the same exercise price.