Edgar Filing: HASLER WILLIAM A

Ownership Submission

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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

HASLER WILLIAM A

2. Issuer Name and Ticker or Trading Symbol
Globalstar, Inc. [GSAT]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

300 HOLIDAY SQUARE BLVD.

3. Date of Earliest Transaction (Month/Day/Year)
12/27/2018

(Street)

COVINGTON, LA 70433

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Voting Common Stock ⁽¹⁾	12/27/2018		A		106,383	A	$ 0	341,383	D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction 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
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (Right to Buy) ⁽¹⁾

$ 0.47

12/27/2018

A/K

100,000

12/27/2021

12/27/2028

Voting Common Stock

100,000

$ 0

100,000

Stock Option (Right to Buy) ⁽¹⁾ ⁽²⁾

$ 0.83

01/02/2019

200,000

01/02/2019

01/02/2029

Voting Common Stock

200,000

$ 0

200,000

Stock Option (Right to Buy) ⁽¹⁾ ⁽²⁾

$ 0.63

01/02/2019

200,000

01/02/2019

01/02/2029

Voting Common Stock

200,000

$ 0

200,000

Stock Option (Right to Buy) ⁽¹⁾ ⁽²⁾

$ 1.19

01/02/2019

300,000

01/02/2019

01/02/2029

Voting Common Stock

300,000

$ 0

300,000

Stock Option (Right to Buy) ⁽¹⁾ ⁽²⁾

$ 2.75

01/02/2019

100,000

01/02/2019

01/02/2029

Voting Common Stock

100,000

$ 0

100,000

Stock Option (Right to Buy)

$ 0.83

01/02/2019

200,000

⁽³⁾

09/23/2019

Voting Common Stock

200,000

$ 0

Stock Option (Right to Buy)

$ 0.63

01/02/2019

200,000

⁽³⁾

08/08/2023

Voting Common Stock

200,000

$ 0

Stock Option (Right to Buy)

$ 1.19

01/02/2019

300,000

⁽³⁾

05/03/2021

Voting Common Stock

300,000

$ 0

Stock Option (Right to Buy)

$ 2.75

01/02/2019

100,000

⁽³⁾

05/16/2026

Voting Common Stock

100,000

$ 0

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HASLER WILLIAM A 300 HOLIDAY SQUARE BLVD. COVINGTON, LA 70433	X

Signatures

Arthur McMahon, III, attorney-in-fact for William A. Hasler		01/07/2019
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Award under 2006 Equity Incentive Plan.
(2)	In connection with the vesting of equity awards held by departing directors pursuant to the Company's previously disclosed Settlement Agreement, stock option awards held by certain continuing directors, including Mr. Hasler, were terminated by the Company, and the Company made new stock option awards to the continuing directors.
(3)	Option award was terminated in connection with option award of the same number of underlying shares at the same exercise price.

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