Loeb Offshore Management’s Globalstar GSAT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	$2.62M	Sell	63,427 -48,573	-43%	-$2M	0.48%	55
2014 Q3	$6.15M	Buy	112,000 +86,891	+346%	+$4.77M	0.9%	39
2014 Q2	$1.6M	Buy	+25,109	New	+$1.6M	0.28%	67