SEC Form 4 · accession 0001366868-16-000172
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
Jun 16, 2016
Accepted (ET)
Jun 17, 2016 · 5:34 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 | Jun 16, 2016 | F | 12,095 | $1.17 | D | 630,957 | 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 | $0.40 | holding | — | — | — | — | Oct 4, 2021 | Voting Common Stock | 185,000 | 185,000 | D |
| Stock Option (Right to Buy)F3 | $1.97 | holding | — | — | — | — | Dec 13, 2023 | Voting Common Stock | 40,000 | 40,000 | D |
| Stock Option (Right to Buy) | $1.64 | holding | — | — | — | Jul 13, 2013 | Jul 13, 2020 | Voting Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Shares withheld, based on the fair market value of the Common Stock on June 16, 2016, to pay required withholding taxes upon the vesting of 33,000 shares pursuant to a Restricted Stock Award granted June 16, 2014 under the Company's Equity Incentive Plan. The full award was previously reported.
- F2Options are exercisable.
- F3Options vest as to one-third each on December 13, 2014, 2015, and 2016.