SEC Form 4 · accession 0001366868-15-000069
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Monroe III
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Aug 13, 2015
Accepted (ET)
Aug 17, 2015 · 6:47 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 | Aug 13, 2015 | P | 70,000 | $1.8555 | A | 449,406,893 | I | By Thermo Funding II LLC |
| Nonvoting Common Stock | holding | — | — | — | 134,008,656 | I | By Thermo Funding II LLC | |
| Voting Common Stock | holding | — | — | — | 618,558 | I | By Globalstar Satellite L.P. | |
| Voting Common Stock | holding | — | — | — | 38,640,750 | I | By FL Investment Holdings LLC |
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) | $0.38 | holding | — | — | — | Nov 14, 2008 | Nov 14, 2018 | Voting Common Stock | 200,000 | 200,000 | D |
| Common Stock Warrant (Right to Buy) | $0.32 | holding | — | — | — | Jun 19, 2011 | Jun 19, 2016 | Voting Common Stock | 8,000,000 | 8,000,000 | I |
| Common Stock Warrant (Right to Buy) | $0.32 | holding | — | — | — | Jun 14, 2011 | Jun 14, 2016 | Voting Common Stock | 8,000,000 | 8,000,000 | I |
| Common Stock Warrant (Right to Buy) | $0.01 | holding | — | — | — | Jun 19, 2012 | Jun 19, 2017 | Voting Common Stock | 24,571,428 | 24,571,428 | I |
| Common Stock Warrant (Right to Buy) | $0.01 | holding | — | — | — | Jun 19, 2011 | Jun 19, 2016 | Voting Common Stock | 5,620,438 | 5,620,438 | I |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.84 to $1.86. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth above.