SEC Form 4 · accession 0001366868-17-000025
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
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 9:28 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 | Feb 28, 2017 | A | 41,241 | $0.00 | A | 697,011 | D | |
| Voting Common Stock | Feb 28, 2017 | F | 15,548 | $1.37 | D | 681,463 | 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)F3 | $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
- F1Award under the Company's 2016 Key Employee Bonus Plan.
- F2Shares withheld, based on the fair market value of the Common Stock on February 28, 2017, to pay required withholding taxes upon the vesting of shares pursuant to an award under the Company's 2016 Key Employee Bonus Plan.
- F3Options are exercisable.