Filing Details

Accession Number:
0001379664-12-000004
Form Type:
5
Zero Holdings:
No
Publication Time:
2012-02-14 21:47:15
Reporting Period:
2011-12-31
Filing Date:
2012-02-14
Accepted Time:
2012-02-14 21:47:15
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1366868 Globalstar Inc. GSAT Communications Services, Nec (4899) 412116508
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1379580 Thermo Funding Co Llc 1735 Nineteenth Street
Denver CO 80202
No No Yes No
1379581 Globalstar Holdings, Llc 1735 Nineteenth Street
Denver CO 80202
No No Yes No
1379664 Iii James Monroe 1735 Nineteenth Street
Denver CO 80202
Chief Executive Officer Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Voting Common Stock Acquisiton 2011-08-25 50,000 $0.81 1,460,346 No 4 P Indirect By Trust
Nonvoting Common Stock Acquisiton 2011-11-03 11,376,404 $0.47 30,652,154 No 4 J Indirect By Thermo Funding Company LLC
Nonvoting Common Stock Acquisiton 2011-11-30 25,229,358 $0.35 55,881,512 No 4 J Indirect By Thermo Funding Company LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Trust
No 4 J Indirect By Thermo Funding Company LLC
No 4 J Indirect By Thermo Funding Company LLC
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Voting Common Stock Common Stock Warrant (Right to Buy) Acquisiton 2011-06-14 8,000,000 $0.00 8,000,000 $1.25
Voting Common Stock Common Stock Warrants (Right to Buy) Acquisiton 2011-06-19 5,000,000 $0.00 5,000,000 $0.01
Voting Common Stock Common Stock Warrant (Right to Buy) Acquisiton 2011-09-30 3,920,768 $0.00 3,920,768 $0.52
Voting Common Stock Common Stock Warrants (Right to Buy) Acquisiton 2011-12-30 695,129 $0.00 695,129 $0.49
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,000,000 2011-07-28 2016-06-14 No 4 P Indirect
16,276,114 2011-06-19 2016-06-19 No 4 J Indirect
9,872,845 2011-09-30 2014-06-19 No 4 J Indirect
10,567,974 2011-12-30 2014-06-19 No 4 J Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Voting Common Stock 146,465,355 Indirect By Thermo Funding Company LLC
Voting Common Stock 38,640,750 Indirect By Globalstar Holdings, LLC
Voting Common Stock 618,558 Indirect By Globalstar Satellite, L.P.
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Voting Common Stock Common Stock Warrant (Right to Buy) $0.01 2009-08-06 2014-06-19 4,205,608 4,205,608 Indirect
Voting Common Stock Stock Option (Right to Buy) $0.38 2008-11-14 2018-11-14 200,000 200,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2014-06-19 4,205,608 4,205,608 Indirect
2018-11-14 200,000 200,000 Direct
Footnotes
  1. Nonvoting Common Stock issued upon draw from contingent equity account pursuant to the Contingent Equity Agreement dated June 19, 2009.
  2. Warrants issued in connection with the purchase of $20 million principal amount of the Company's 5% Convertible Senior Unsecured Notes.
  3. Warrants issued for annual loan fee under the Contingent Equity Agreement dated June 19, 2009.
  4. Warrants issued under anti-dilution provision of warrants issued in connection with the Company's 8% Convertible Senior Unsecured Notes.