James Monroe III - Jan 4, 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
Stock symbol
GSAT
Transactions as of
Jan 4, 2022
Transactions value $
$50,001
Form type
4
Date filed
1/6/2022, 05:24 PM
Previous filing
Feb 14, 2022
Next filing
Sep 14, 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 +7.9% $1.16 588K Jan 4, 2022 Direct F1
holding GSAT Voting Common Stock 876M Jan 4, 2022 Thermo Funding II LLC
holding GSAT Voting Common Stock 641K Jan 4, 2022 By FL Investment Holdings LLC
holding GSAT Voting Common Stock 619K Jan 4, 2022 By Globalstar Satellite L.P.
holding GSAT Voting Common Stock 200M Jan 4, 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 +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 $0.54 Direct F4
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) 100K Jan 4, 2022 Voting Common Stock 100K $0.34 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.