Douglas L. Raaberg - 08 Jul 2022 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/ Stephanie McMenamy, attorney-in-fact
Issuer symbol
LLAP
Transactions as of
08 Jul 2022
Transactions value $
$0
Form type
4
Filing time
12 Jul 2022, 21:17:37
Previous filing
05 Apr 2022
Next filing
17 Oct 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
transaction LLAP Restricted Stock Units Award $0 +42.5K +145.9% $0.00 71.6K 08 Jul 2022 Common Stock 42.5K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes 17,500 and 25,000 restricted stock units that vest in one and three equal annual installments, respectively, on each anniversary of the vesting start date. The vesting start date was April 1, 2022.