SEC Form 4 · accession 0001366868-19-000008
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James F Lynch
Director
Period of report
Dec 27, 2018
Accepted (ET)
Jan 7, 2019 · 7:01 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 27, 2018 | A | 106,383 | $0.47 | A | 486,383 | 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)F1 | $0.47 | Dec 27, 2018 | A | 100,000 | A | Dec 27, 2021 | Dec 27, 2028 | Voting Common Stock | 100,000 | 100,000 | D |
| Stock Option (Right to Buy)F1,F2 | $2.75 | Dec 27, 2018 | 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 | Dec 27, 2018 | 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 | $1.19 | Dec 27, 2018 | A | 200,000 | A | Jan 2, 2019 | Jan 2, 2029 | Voting Common Stock | 200,000 | 200,000 | D |
| Stock Option (Right to Buy)F3 | $2.75 | Dec 27, 2018 | J | 100,000 | D | — | May 16, 2026 | Voting Common Stock | 100,000 | 0 | D |
| Stock Option (Right to Buy)F3 | $0.63 | Dec 27, 2018 | J | 200,000 | D | — | Aug 8, 2023 | Voting Common Stock | 200,000 | 0 | D |
| Stock Option (Right to Buy)F3 | $1.19 | Dec 27, 2018 | J | 200,000 | D | — | May 3, 2021 | Voting Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1Award under 2006 Equity Incentive Plan.
- F2In 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 certain continuing directors, including Mr. Lynch, were terminated by the Company, and the Company made new stock option awards to the continuing directors.
- F3Option award was terminated in connection with option award of the same number of underlying shares at the same exercise price.