Timothy E. Taylor - 04 Jan 2022 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Director
Signature
Arthur McMahon III, attorney-in-fact
Issuer symbol
GSAT
Transactions as of
04 Jan 2022
Net transactions value
+$50,001
Form type
4
Filing time
06 Jan 2022, 16:34:50 UTC
Previous filing
10 Dec 2021
Next filing
12 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $50,001 +43,104 +2.1% $1.16 2,060,136 04 Jan 2022 Direct F1
holding GSAT Voting Common Stock 17,500,000 04 Jan 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 +100,000 $0.000000 100,000 04 Jan 2022 Voting Common Stock 100,000 $1.16 Direct F2, F3
holding GSAT Stock Option (Right to Buy) 100,000 04 Jan 2022 Voting Common Stock 100,000 $0.4700 Direct
holding GSAT Stock Option (Right to Buy) 18,750 04 Jan 2022 Voting Common Stock 18,750 $0.6300 Direct F4
holding GSAT Stock Option (Right to Buy) 100,000 04 Jan 2022 Voting Common Stock 100,000 $0.3386 Direct F5
holding GSAT Stock Option (Right to Buy) 40,000 04 Jan 2022 Voting Common Stock 40,000 $2.58 Direct F4
holding GSAT Stock Option (Right to Buy) 100,000 04 Jan 2022 Voting Common Stock 100,000 $0.5400 Direct F6
holding GSAT Stock Option (Right to Buy) 26,800 04 Jan 2022 Voting Common Stock 26,800 $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