SEC Form 4 · accession 0001366868-15-000014
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rebecca Clary
Officer — VP & Chief Financial Officer
Period of report
Mar 23, 2015
Accepted (ET)
Mar 25, 2015 · 8:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001366868
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Voting Common StockF1 | Mar 23, 2015 | S | 18,000 | $3.50 | D | 128,900 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $2.58 | holding | — | — | — | — | Dec 12, 2024 | Voting Common Stock | 40,000 | 40,000 | D |
| Stock Option (Right to Buy)F3 | $3.99 | holding | — | — | — | — | Aug 27, 2024 | Voting Common Stock | 40,000 | 40,000 | D |
| Stock Option (Right to Buy) | $1.97 | holding | — | — | — | Dec 13, 2016 | Dec 13, 2023 | Voting Common Stock | 40,000 | 40,000 | D |
| Stock Option (Right to Buy) | $0.40 | holding | — | — | — | May 1, 2014 | Oct 3, 2021 | Voting Common Stock | 75,000 | 75,000 | D |
| Stock Option (Right to Buy) | $1.66 | holding | — | — | — | Oct 12, 2014 | Oct 12, 2020 | Voting Common Stock | 15,000 | 15,000 | D |
| Stock Option (Right to Buy) | $0.61 | holding | — | — | — | Mar 15, 2012 | Nov 8, 2021 | Voting Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The shares reported as sold in this Form 4 were acquired by the reporting person through the Globalstar Employee Stock Purchase Plan (ESPP) and were sold for tax planning purposes. Following this transaction, the reporting person holds 24,322 shares through the ESPP.
- F2Award under 2006 Equity Incentive Plan. Award vests as to one-third on each of December 12, 2015, 2016 and 2017.
- F3Award under 2006 Equity Incentive Plan. Award vests as to one-third on each of August 27, 2015, 2016 and 2017.