SEC Form 4 · accession 0001366868-17-000092
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
Nov 16, 2017
Accepted (ET)
Nov 20, 2017 · 5:46 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 StockF1 | Nov 16, 2017 | A | 80,000 | $0.00 | A | 556,730 | D | |
| Voting Common Stock | Nov 16, 2017 | F | 25,920 | $1.63 | D | 530,810 | 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)F3 | $2.58 | holding | — | — | — | — | Dec 12, 2024 | 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 October 16, 2017, to pay required withholding taxes upon the vesting of shares pursuant to an award under the Company's Equity Incentive Plan.
- F2Options are exercisable.
- F3Options vest as to one-third each on December 12, 2015, 2016 and 2017.