SEC Form 4 · accession 0001366868-18-000076
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
Dec 9, 2018
Accepted (ET)
Dec 12, 2018 · 6:10 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 | Dec 9, 2018 | F | 10,000 | $0.358 | D | 472,335 | D | |
| Voting Common StockF1 | Dec 11, 2018 | F | 74,516 | $0.3292 | D | 397,819 | D | |
| Voting Common StockF2 | Dec 11, 2018 | A | 80,000 | $0.3292 | A | 477,819 | D | |
| Voting Common StockF3 | Dec 11, 2018 | A | 260,000 | $0.3292 | A | 737,819 | D | |
| Voting Common StockF4 | Dec 11, 2018 | A | 120,000 | $0.3292 | A | 857,819 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares withheld, based on the fair market value of the Common Stock on December 9 and December 11, 2018 to pay required withholding taxes upon the vesting of Restricted Stock Awards under the Company's Bonus and Equity Incentive plans. The full awards were previously reported.
- F2Restricted Stock Award to recognize Mr. Ponder's performance in connection with the Company's achievement of certain international spectrum authority. This award vests immediately.
- F3Award under 2006 Equity Incentive Plan. Award vests as to one-third immediately and one-third on each of December 11, 2019 and 2020.
- F4Award under 2006 Equity Incentive Plan. Award vests as to one-third on each of December 11, 2019, 2020 and 2021.