SEC Form 4 · accession 0001366868-17-000051
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
L Barbee Ponder IV
Officer — General Counsel
Period of report
May 16, 2017
Accepted (ET)
May 18, 2017 · 6:41 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 Stock | May 16, 2017 | F | 105,002 | $2.44 | D | 489,691 | 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 | $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 |
| Stock Option (Right to Buy)F3 | $2.58 | holding | — | — | — | — | Dec 12, 2024 | Voting Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Shares withheld, based on the fair market value of the Common Stock on May16, 2017, to pay required withholding taxes upon the vesting of 333,333 shares pursuant to Restricted Stock Awards 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 12, 2015, 2016, and 2017.