Richard Y. Newton III - 25 Mar 2022 Form 3 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/ Richard Y. Newton III
Issuer symbol
LLAP
Transactions as of
25 Mar 2022
Transactions value $
$0
Form type
3
Filing time
05 Apr 2022, 06:12:18 UTC
Next filing
12 Jul 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LLAP Restricted Stock Units 25 Mar 2022 Common Stock 29.1K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest in four equal annual installments on the anniversary of the vesting start date. Vesting start date is May 27, 2020.
F2 Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to a time-based vesting condition, which is summarized herein, and a Liquidity Event vesting condition. The Liquidity Event vesting condition was satisfied on March 25, 2022 upon the closing of LLAP's business combination.

Remarks:

Exhibit List: See Exhibit 24.1 - Power of Attorney