SEC Form 4 · accession 0001366868-15-000084
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth M Young
Director
Period of report
Nov 9, 2015
Accepted (ET)
Nov 12, 2015 · 8:46 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001366868
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $2.04 | Nov 9, 2015 | A | 200,000 | A | — | Nov 9, 2025 | Voting Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1Options become exercisable on a prorated basis each month from December 2015 to December 2018, subject to forfeiture conditions.