SEC Form 4 · accession 0001366868-18-000069
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard S Roberts
Officer — Corporate Secretary · Director
Period of report
Nov 12, 2018
Accepted (ET)
Nov 14, 2018 · 4:18 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 | Nov 12, 2018 | M | 200,000 | $0.38 | A | 400,800 | 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)F2 | $0.38 | Nov 12, 2018 | M | 200,000 | D | — | Nov 14, 2018 | Voting Common Stock | 200,000 | 0 | D |
| Stock Option (Right to Buy)F2 | $1.19 | holding | — | — | — | — | May 3, 2021 | Voting Common Stock | 200,000 | 200,000 | D |
| Stock Option (Right to Buy)F2 | $2.75 | holding | — | — | — | — | May 16, 2026 | Voting Common Stock | 100,000 | 100,000 | D |
| Stock Option (Right to Buy)F2 | $0.63 | holding | — | — | — | — | Aug 8, 2023 | Voting Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1150,000 of the shares of Voting Common Stock were awarded under the 2006 Equity Incentive Plan. This award vests as to one-third on each of February 28, 2019, 2020 and 2021.
- F2Options are exercisable.