SEC Form 4 · accession 0001366868-17-000075
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rebecca Clary
Officer — VP & Chief Financial Officer
Period of report
Aug 27, 2017
Accepted (ET)
Aug 29, 2017 · 6:19 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 | Aug 27, 2017 | F | 11,016 | $2.01 | D | 271,865 | 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 | $2.58 | holding | — | — | — | — | Dec 12, 2024 | Voting Common Stock | 40,000 | 40,000 | D |
| Stock Option (Right to Buy)F3 | $3.99 | holding | — | — | — | — | Aug 27, 2024 | Voting Common Stock | 40,000 | 40,000 | D |
| Stock Option (Right to Buy) | $1.97 | holding | — | — | — | Dec 13, 2016 | Dec 13, 2023 | Voting Common Stock | 40,000 | 40,000 | D |
| Stock Option (Right to Buy) | $0.40 | holding | — | — | — | May 1, 2014 | Oct 3, 2021 | Voting Common Stock | 75,000 | 75,000 | D |
| Stock Option (Right to Buy) | $1.66 | holding | — | — | — | Oct 12, 2014 | Oct 12, 2020 | Voting Common Stock | 15,000 | 15,000 | D |
| Stock Option (Right to Buy) | $0.61 | holding | — | — | — | Mar 15, 2012 | Nov 8, 2021 | Voting Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Shares withheld, based on the fair market value of the Common Stock on August 25, 2017 (the last reported market close), to pay required withholding taxes upon the vesting of 34,000 shares pursuant to a Restricted Stock Award granted August 27, 2014 under the Company's Equity Incentive Plan. The full award was reported previously.
- F2Award under 2006 Equity Incentive Plan. Award vests as to one-third on each of December 12, 2015, 2016 and 2017.
- F3Options are exercisable.