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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Monroe James III
   2. Issuer Name and Ticker or Trading Symbol
Globalstar, Inc. [GSAT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Chairman
(Last)
(First)
(Middle)
1735 NINETEENTH STREET		 3. Date of Earliest Transaction (Month/Day/Year)
04/14/2011
(Street)

DENVER, CO 80202		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 04/14/2011   X   575,000 A $ 0.87 1,090,000 I By Trust
Voting Common Stock               146,465,355 I By Thermo Funding Company LLC
Nonvoting Common Stock               19,275,750 I By Thermo Funding Company LLC
Voting Common Stock               38,640,750 I By Globalstar Holdings, LLC
Voting Common Stock               618,558 I By Globalstar Satellite, L.P.

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Warrants (right to buy) $ 0.87 04/14/2011   X     575,000 06/19/2009 06/19/2014 Voting Common Stock 575,000 $ 0 5,952,077 I By Trust
Common Stock Warrant (right to buy) $ 0.01             08/06/2009 12/31/2014 Voting Common Stock (1) 11,276,114   11,276,114 I Thermo Funding Company LLC
Common Stock Warrant (right to buy) $ 0.01             08/06/2009 06/19/2014 Voting Common Stock (1) 4,205,608   4,205,608 I By Thermo Funding Company LLC
Stock Option (right to buy) $ 0.38             11/14/2008 11/14/2013 Voting Common Stock 200,000   200,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Monroe James III
1735 NINETEENTH STREET
DENVER, CO 80202		   X   X   Executive Chairman  
Globalstar Holdings, LLC
1735 NINETEENTH STREET
DENVER, CO 80202		     X    
Thermo Funding CO LLC
1735 NINETEENTH STREET
DENVER, CO 80202		     X    

Signatures

 /s/ Bridget C. Hoffman, attorney-in-fact for James Monroe III   04/18/2011
**Signature of Reporting Person Date
 /s/ Bridget C. Hoffman, attorney-in-fact for Thermo Funding Company LLC   04/18/2011
**Signature of Reporting Person Date
 /s/ Bridget C. Hoffman, attorney-in-fact for Globalstar Holdings, LLC   04/18/2011
**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) Thermo Funding Company and its affiliates may not own more than 70% of the Issuer's voting common stock. Nonvoting common stock may be issued to prevent any exercise from exceeding the 70% limit.

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