SEC Form 4 · accession 0001366868-16-000099
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Barbee Ponder IV
Officer — General Counsel
Period of report
Dec 11, 2015
Accepted (ET)
Jan 25, 2016 · 9:14 pm EST
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 | Dec 11, 2015 | A | 30,000 | $0.00 | A | 137,886 | D | |
| Voting Common StockF2 | Dec 11, 2015 | A | 6,466 | $0.00 | A | 144,352 | D | |
| Voting Common Stock | Dec 15, 2015 | S | 1,300 | $1.67 | D | 143,052 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Award under 2006 Equity Incentive Plan. Award vests as to one-third on each of December 11, 2016, 2017 and 2018.
- F2Award under 2006 Equity Incentive Plan.
- F3These shares were sold to pay required withholding taxes from the vesting of previously reported restricted stock awards.