SEC Form 4 · accession 0001366868-16-000201
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B. Kagan
Officer — President & COO
Period of report
Dec 11, 2016
Accepted (ET)
Dec 13, 2016 · 9:15 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 Stock | Dec 11, 2016 | F | 3,150 | $0.858 | D | 63,850 | 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)F1 | $1.21 | holding | — | — | — | Jan 13, 2017 | Jan 13, 2026 | Voting Common Stock | 250,000 | 250,000 | D |
| Stock Option (Right to Buy)F2 | $1.21 | holding | — | — | — | — | Jan 13, 2026 | Voting Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Award under 2006 Equity Incentive Plan. Award vests as to one-third on each of January 13, 2017, 2018 and 2019.
- F2Options are exercisable.