SEC Form 4 · accession 0001366868-19-000005
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
Jan 2, 2019
Accepted (ET)
Jan 7, 2019 · 7:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001366868
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $1.19 | Jan 2, 2019 | A | 200,000 | A | Jan 2, 2019 | Jan 2, 2029 | Voting Common Stock | 200,000 | 200,000 | D |
| Stock Option (Right to Buy)F1,F2 | $2.75 | Jan 2, 2019 | A | 100,000 | A | Jan 2, 2019 | Jan 2, 2029 | Voting Common Stock | 100,000 | 100,000 | D |
| Stock Option (Right to Buy)F1,F2 | $0.63 | Jan 2, 2019 | A | 200,000 | A | Jan 2, 2019 | Jan 2, 2029 | Voting Common Stock | 200,000 | 200,000 | D |
| Stock Option (Right to Buy)F3 | $1.19 | Jan 2, 2019 | J | 200,000 | D | — | May 3, 2021 | Voting Common Stock | 200,000 | 0 | D |
| Stock Option (Right to Buy)F3 | $2.75 | Jan 2, 2019 | J | 100,000 | D | — | May 16, 2026 | Voting Common Stock | 100,000 | 0 | D |
| Stock Option (Right to Buy)F3 | $0.63 | Jan 2, 2019 | J | 200,000 | D | — | Aug 8, 2023 | Voting Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1In connection with the vesting of equity awards held by departing directors pursuant to the Company's previously disclosed Settlement Agreement, stock option awards held by the departing directors, including Mr. Roberts, were terminated by the Company, and the Company made new stock option awards to the departing directors.
- F2Award under 2006 Equity Incentive Plan. Award vests immediately.
- F3Option award was terminated in connection with option award of the same number of underlying shares at the same exercise price.