Statement of Changes in Beneficial Ownership (4)
December 08 2021 - 6:05PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Clary Rebecca |
2. Issuer Name and Ticker or Trading Symbol
Globalstar, Inc.
[
GSAT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP & Chief Financial Officer |
(Last)
(First)
(Middle)
1351 HOLIDAY SQUARE BLVD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/6/2021 |
(Street)
COVINGTON, LA 70433
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Voting Common Stock (1) | 12/6/2021 | | F | | 11763 | D | $1.23 | 1462272 (2) | D | |
Voting Common Stock (3) | 12/7/2021 | | F | | 11759 | D | $1.32 | 1450513 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Shares automatically withheld, based on the fair market value of the Common Stock on December 6, 2021, to pay required withholding taxes upon the vesting of a Restricted Stock Award under the Company's Equity Incentive Plan. The full award was previously reported. |
(2) | Includes 47,525 shares acquired under the Globalstar Employee Stock Purchase Plan on June 14, 2021, 63,895 shares acquired upon exercise of previously stock options under the Company's Equity Incentive Plan on September 9, 2021, and 15,344 shares acquired upon exercise of previously stock options under the Company's Equity Incentive Plan on October 12, 2021. |
(3) | Shares automatically withheld, based on the fair market value of the Common Stock on December 7, 2021, to pay required withholding taxes upon the vesting of a Restricted Stock Award under the Company's Equity Incentive Plan. The full award was previously reported. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Clary Rebecca 1351 HOLIDAY SQUARE BLVD. COVINGTON, LA 70433 |
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| VP & Chief Financial Officer |
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Signatures
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/s/ Arthur McMahon, III, attorney-in-fact for Rebecca Clary | | 12/8/2021 |
**Signature of Reporting Person | Date |
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