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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?


To: djane who wrote (3466)3/17/1999 5:13:00 PM
From: djane  Respond to of 29987
 
List of G* 5+% stockholders (from 3/15/99 filing)

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table shows, based upon filings made with the Company,
certain information concerning persons who may be deemed beneficial owners of 5%
or more of the outstanding shares of Common Stock of the Company because they
possessed or shared voting or investing power with respect to the shares of
Common Stock of the Company:

<t> AMOUNT AND NATURE OF PERCENT OF
NAME AND ADDRESS BENEFICIAL OWNERSHIP CLASS(5)
---------------- -------------------- ----------
Loral Space & Communications Ltd............................ 14,723,647(1)(2) 16.64%
c/o Loral SpaceCom Corporation
600 Third Avenue
New York, New York 10016
General Electric Company.................................... 10,044,760 12.25%
3153 Easton Turnpike
Fairfield, Connecticut 06431
Prime 66 Partners, L.P. .................................... 9,630,000 11.74%
201 Main Street, Suite 3200
Fort Worth, Texas 76102
George Soros................................................ 8,530,000(3) 10.40%
888 Seventh Avenue, 33rd Floor
New York, New York 10106
Stanley F. Druckmiller...................................... 8,400,000(4) 10.24%
888 Seventh Avenue, 33rd Floor
New York, New York 10106
Soros Fund Management LLC................................... 8,400,000(4) 10.24%
888 Seventh Avenue, 33rd Floor
New York, New York 10106
</t>
---------------
(1) This information is as of March 5, 1999 and includes 6,449,865 shares of
Common Stock issuable upon the conversion of the Company's 8% Convertible
Redeemable Preferred Stock due 2011 held by Loral Space & Communications
Ltd. (based upon a conversion price of $23.2563 per share).

(2) Of such amount, 1,668,000 shares represent shares of Common Stock subject to
options granted by Loral to certain of its executive officers and directors.

(3) Held for the accounts of the following entities: (i) 2,100,000 shares held
for the account of Quantum Industrial Partners LDC, a Cayman Islands
exempted limited duration company, (ii) 4,200,000 shares held for the
account of Quantum Partners LDC, a Cayman Islands exempted limited duration
company, (iii) 2,100,000 shares held for the account of Quasar Strategic
Partners LDC, a Cayman Islands exempted limited duration company and (iv)
130,000 shares held for his personal account.

(4) Held for the accounts of the following entities: (i) 2,100,000 shares held
for the account of Quantum Industrial Partners LDC, a Cayman Islands
exempted limited duration company, (ii) 4,200,000 shares held for the
account of Quantum Partners LDC, a Cayman Islands exempted limited duration
company and (iii) 2,100,000 shares held for the account of Quasar Strategic
Partners LDC, a Cayman Islands exempted limited duration company.

(5) Percent of class refers to percentage of class beneficially owned as the
term beneficial ownership is defined in Rule 13d-3 under the Securities
Exchange Act of 1934.