Timothy E. Taylor - Jan 4, 2022 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Director
Signature
Arthur McMahon III, attorney-in-fact
Stock symbol
GSAT
Transactions as of
Jan 4, 2022
Transactions value $
$50,001
Form type
4
Date filed
1/6/2022, 04:34 PM
Previous filing
Dec 10, 2021
Next filing
May 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $50K +43.1K +2.14% $1.16 2.06M Jan 4, 2022 Direct F1
holding GSAT Voting Common Stock 17.5M Jan 4, 2022 By Thermo Investments III, LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GSAT Stock Option (Right to Buy) Award $0 +100K $0.00 100K Jan 4, 2022 Voting Common Stock 100K $1.16 Direct F2, F3
holding GSAT Stock Option (Right to Buy) 100K Jan 4, 2022 Voting Common Stock 100K $0.47 Direct
holding GSAT Stock Option (Right to Buy) 18.8K Jan 4, 2022 Voting Common Stock 18.8K $0.63 Direct F4
holding GSAT Stock Option (Right to Buy) 100K Jan 4, 2022 Voting Common Stock 100K $0.34 Direct F5
holding GSAT Stock Option (Right to Buy) 40K Jan 4, 2022 Voting Common Stock 40K $2.58 Direct F4
holding GSAT Stock Option (Right to Buy) 100K Jan 4, 2022 Voting Common Stock 100K $0.54 Direct F6
holding GSAT Stock Option (Right to Buy) 26.8K Jan 4, 2022 Voting Common Stock 26.8K $1.97 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of Restricted Stock under 2006 Equity Incentive Plan. Award vests on January 4, 2023.
F2 Award under 2006 Equity Incentive Plan.
F3 Award vests and becomes exercisable as to one third on each of January 4, 2023, January 4, 2024 and January 4, 2025.
F4 Options are exercisable.
F5 Award vests and becomes exercisable as to one third on each of January 2, 2022, January 2, 2023 and January 2, 2024.
F6 Award vests and becomes exercisable as to one third on each of January 2, 2021, January 2, 2022 and January 2, 2023