Globalstar, Inc. 4
4 · Globalstar, Inc. · Filed Jul 16, 2013
Insider Transaction Report
Form 4
Globalstar, Inc.GSAT
Navarra Anthony J
Pres., Global Operations
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2013-07-12−100,000→ 0 totalExercise: $0.40Exp: 2021-10-04→ Voting Common Stock (100,000 underlying) - Award
Stock Option (Right to Buy)
2013-07-12+100,000→ 100,000 totalExercise: $0.40Exp: 2021-10-04→ Voting Common Stock (100,000 underlying)
Footnotes (1)
- [F1]The reported transactions involved an amendment of the vesting criteria of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacemnt option. The option was originally granted on October 4, 2011 and now provides for vesting on the earlier of (i) the first trading day after the company's voting common stock trades for more than 10 consecutive trading days at or above the closing price of $0.80 and (ii) the day that a binding agrement is signed for the sale of the company as determined by the Board of Directors in its reasonable discretion.