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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(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
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
461 SOUTH MILPITAS BLVD.		 3. Date of Earliest Transaction (Month/Day/Year)
06/19/2009
(Street)

MILPITAS, CA 95035		 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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
Series A Convertible Preferred Stock (1) 06/19/2009   A   1   08/06/2009   (2) Common Stock (3) 126,174,034 (1) 1 I By Thermo Funding Company LLC
8.00% Convertible Senior Unsecured Notes $ 1.8 (4) 06/19/2009   A   6,333,333 (5)   08/06/2009   (6) Common Stock 6,333,333 (5) $ 1.8 (4) 6,333,333 I By James Monroe III Trust
Common Stock Warrants (right to buy) $ 1.8 (7) 06/19/2009   P   3,166,666   12/19/2009 06/19/2014 Common Stock 3,166,666 $ 1.8 (7) 3,166,666 I By James Monroe III Trust
Common Stock Warrants (right to buy) $ 0.01 06/19/2009   A   4,205,608   08/06/2009 06/19/2014 Common Stock (3) 4,205,608 $ 0.01 4,205,608 I By Thermo Funding Company LLC
Common Stock Warrants (right to buy) $ 0.01 06/25/2009   A   4,379,562   08/06/2009 06/25/2014 Common Stock (3) 4,379,562 $ 0.01 4,379,562 I By Thermo Funding Company LLC

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Monroe James III
461 SOUTH MILPITAS BLVD.
MILPITAS, CA 95035		   X   X    
Thermo Funding CO LLC
1735 NINETEENTH STREET
DENVER, CO 80202		     X    
Globalstar Holdings, LLC
1735 NINETEENTH STREET
DENVER, CO 80202		     X    

Signatures

 /s/ Bridget C. Hoffman, attorney-in-fact for James Monroe III   08/10/2009
**Signature of Reporting Person Date
 /s/ Bridget C. Hoffman, attorney-in-fact for Thermo Funding Company LLC   08/10/2009
**Signature of Reporting Person Date
 /s/ Bridget C. Hoffman, attorney-in-fact for Globalstar Holdings, LLC   08/10/2009
**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 LLC converted approximately $180.2 million of exisitng secured debt owed to it by the Issuer into one share of Series A Convertible Preferred Stock.
(2) The Series A Convertible Preferred Stock has no expiration date.
(3) Thermo Funding Company and its affiliates may not own more than 70% of the voting power of the Issuer. If approved by the Issuer's board of directors and stockholders in the future, nonvoting common stock may be issued to prevent any conversion from exceeding the 70% limit.
(4) The base conversion price of the 8.00% Notes may decrease if the Issuer engages in certain equity issuances below $1.80 per share.
(5) Does not include shares or payment-in-kind notes issuable in payment of interest or make-while payments.
(6) The 8.00% Notes mature when the Issuer pays and discharges all of its obligations under its Facility Agreement and the lenders thereto have no obligation to make further advances under the Facility Agreement.
(7) The exercise price of the warrants may decrease if the Issuer engages in certain equity issuances below $1.80 per share. Ther exercise price will be reset, if on September 19, 2010, the 15-day volume weighted average trading price is less than $1.80 per share.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.