Dalton Peter J 4
4 · Globalstar, Inc. · Filed Sep 24, 2009
Insider Transaction Report
Form 4
Globalstar, Inc.GSAT
Dalton Peter J
DirectorChief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2009-09-23+3,000,000→ 3,000,000 totalExercise: $0.83Exp: 2019-09-23→ Common Stock (3,000,000 underlying)
Holdings
- 200,000
Stock Option (Right to Buy)
Exercise: $0.90Exp: 2019-08-04→ Common Stock (200,000 underlying) - 200,000
Stock Option (Right to Buy)
Exercise: $0.38Exp: 2018-11-14→ Common Stock (200,000 underlying) - 120,000
Stock Option (Right to Buy)
Exercise: $2.67From: 2006-03-17Exp: 2011-03-16→ Common Stock (120,000 underlying)
Footnotes (3)
- [F1]Fifty percent of the options were exercisable on the grant date. The other 50% will become exercisable after the closing price of the Issuer's common stock is at or above $3.00 per share for 20 consecutive trading days.
- [F2]100,000 options were exercisable on the grant date. Remaining 100,000 options will become exercisable on a pro-rated basis each month from September 1, 2009 through November 1, 2010.
- [F3]All options are exercisable, but 100,000 are subject to forfeiture based on continued service and other conditions.