Globalstar, Inc. — Director's Dealing 2020

Apr 13, 2020

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2019-12-31

Reporting Person: Ponder L Barbee IV (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-06	Voting Common Stock	A	120000	$0.4559	Acquired	625649	Direct
2019-12-09	Voting Common Stock	F	2941	$0.48	Disposed	622708	Direct
2019-12-11	Voting Common Stock	F	41161	$0.42	Disposed	581547	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: Award under 2006 Equity Incentive Plan. Award vests as to one-third immediately and one-third on each of December 6, 2020 and 2021.

F2: Shares withheld, based on the fair market value of the Common Stock on December 9 and December 11, 2019 to pay required withholding taxes upon the vesting of Restricted Stock Awards under the Company's Bonus and Equity Incentive plans. The full awards were previously reported.

F3: Options are exercisable.