SEC Form 4 · accession 0001366868-18-000009
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
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 9:04 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,F2 | Feb 27, 2018 | A | 84,656 | $0.00 | A | 399,074 | D | |
| Voting Common StockF3 | Feb 27, 2018 | F | 29,376 | $0.945 | D | 369,698 | 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) | $2.58 | holding | — | — | — | Dec 31, 2017 | Dec 12, 2024 | Voting Common Stock | 40,000 | 40,000 | D |
| Stock Option (Right to Buy) | $3.99 | holding | — | — | — | Aug 27, 2017 | 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) | $0.61 | holding | — | — | — | Mar 15, 2012 | Nov 8, 2021 | Voting Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Award under the Company's 2017 Key Employee Bonus Plan.
- F2Includes 9,033 shares acquired under the Globalstar Employee Stock Purchase Plan on December 17, 2017.
- F3Shares withheld, based on the fair market value of the Common Stock on February 27, 2018, to pay required withholding taxes upon the vesting of shares pursuant to an award under the Company's 2017 Key Employee Bonus Plan.