SEC Form 4 · accession 0001366868-18-000039
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
May 16, 2018
Accepted (ET)
May 18, 2018 · 10:12 am 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 Stock | May 16, 2018 | F | 14,167 | $0.67 | D | 355,531 | 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) | $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 |
| Stock Option (Right to Buy) | $1.66 | holding | — | — | — | Oct 12, 2014 | Oct 12, 2020 | Voting Common Stock | 15,000 | 15,000 | D |
| 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 |
Explanation of responses
- F1Shares withheld, based on the fair market value of the Common Stock on May 16, 2018 to pay required withholding taxes upon the vesting of 33,333 shares pursuant to a Restricted Stock Award granted under the Company's Equity Incentive Plan. The full award was previously reported.