SEC Form 4 · accession 0001366868-17-000099
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 6, 2017
Accepted (ET)
Dec 8, 2017 · 6:48 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 | Dec 6, 2017 | A | 750,000 | $0.00 | A | 847,000 | 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 | $1.36 | Dec 6, 2017 | A | 750,000 | A | — | Dec 6, 2027 | Voting Common Stock | 750,000 | 750,000 | D |
Explanation of responses
- F1Awards under 2006 Equity Incentive Plan. Awards vests as to 10% after year 1, 15% after year 2 (25% cumulative), 25% after year 3 (50% cumulative) and the remaining 50% after year 4, or upon a change of control.