SEC Form 4 · accession 0001366868-18-000034
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth M Young
Director
Period of report
Mar 1, 2018
Accepted (ET)
May 10, 2018 · 3:32 pm EDT
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 | Mar 1, 2018 | A | 75,000 | $0.9838 | A | 75,000 | D | |
| Voting Common StockF2 | Mar 1, 2018 | A | 150,000 | $0.9838 | A | 225,000 | 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)F3 | $2.04 | holding | — | — | — | — | Nov 9, 2025 | Voting Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1Award under 2006 Equity Incentive Plan. Award vests on December 31, 2018.
- F2Award under 2006 Equity Incentive Plan. Award vests as to one-third on each of February 28, 2019, 2020 and 2021.
- F3Options became and will become exercisable on a prorated basis each month from December 2015 to December 2018, subject to forfeiture conditions.