SEC Form 4 · accession 0001366868-17-000107
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
Dec 11, 2017
Accepted (ET)
Dec 13, 2017 · 9:33 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 11, 2017 | F | 3,240 | $1.21 | D | 527,570 | D | |
| Voting Common StockF1 | Dec 11, 2017 | F | 3,240 | $1.21 | D | 524,330 | D | |
| Voting Common StockF2 | Dec 11, 2017 | A | 40,000 | $0.00 | A | 564,330 | 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 | $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 December 11, 2017 to pay required withholding taxes upon the vesting of a Restricted Stock Award under the Company's Equity Incentive Plan. The full award was previously reported.
- F2Award under 2006 Equity Incentive Plan. Award vests as to one-third on each of December 11, 2018, 2019 and 2020.
- F3Options are exercisable.