Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

On November 14, 2008, the Board of Directors of Globalstar, Inc. approved a change in director compensation structure. In lieu of the last two quarterly grants of restricted stock in payment of 2008 board fees (with a total value of $15,000), and in consideration of future service on the Board through November 1, 2010, the Board granted options to each director to purchase 200,000 shares of Globalstar common stock at an exercise price of $0.38, which was the closing price of Globalstar's common stock on the date of grant. The options were granted under Globalstar's Amended and Restated 2006 Equity Incentive Plan to all directors, including the Company's Chairman of the Board and Chief Executive Officer. All of the options are vested, but 100,000 are subject to decreasing incremental risk of forfeiture until November 1, 2010 on a monthly schedule based on continued service as a director and other conditions.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Form of Director Option Award Agreement

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