SEC Form 4 · accession 0001366868-18-000011
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
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 9:36 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 | 63,492 | $0.00 | A | 639,559 | D | |
| Voting Common StockF3 | Feb 27, 2018 | F | 22,032 | $0.945 | D | 617,527 | 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)F4 | $1.97 | holding | — | — | — | — | Dec 13, 2023 | Voting Common Stock | 40,000 | 40,000 | D |
| Stock Option (Right to Buy)F4 | $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
- F1Award under the Company's 2017 Key Employee Bonus Plan.
- F2Includes 11,737 shares acquired under the Globalstar Employee Stock Purchase Plan on December 14, 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.
- F4Options are exercisable.