James Monroe III - 04 Jan 2022 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Director, 10%+ Owner
Signature
/s/ Arthur McMahon, III, attorney-in-fact for James Monroe III
Issuer symbol
GSAT
Transactions as of
04 Jan 2022
Net transactions value
+$50,001
Form type
4
Filing time
06 Jan 2022, 17:24:27 UTC
Previous filing
14 Feb 2022
Next filing
14 Sep 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 +7.9% $1.16 588,468 04 Jan 2022 Direct F1
holding GSAT Voting Common Stock 875,540,711 04 Jan 2022 Thermo Funding II LLC
holding GSAT Voting Common Stock 640,750 04 Jan 2022 By FL Investment Holdings LLC
holding GSAT Voting Common Stock 618,558 04 Jan 2022 By Globalstar Satellite L.P.
holding GSAT Voting Common Stock 200,139,972 04 Jan 2022 Thermo Funding Company

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 $0.5400 Direct F4
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) 100,000 04 Jan 2022 Voting Common Stock 100,000 $0.3386 Direct F5
* 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 Award vests and becomes exercisable as to one third on each of January 2, 2021, January 2, 2022 and January 2, 2023.
F5 Award vests and becomes exercisable as to one third on each of January 2, 2022, January 2, 2023 and January 2, 2024.