T. YEUNG - 19 Nov 2021 Form 4 Insider Report for LORAL SPACE & COMMUNICATIONS INC. (LORL)

Role
Director
Signature
/s/ Janet Yeung
Issuer symbol
LORL
Transactions as of
19 Nov 2021
Transactions value $
$0
Form type
4
Filing time
22 Nov 2021, 16:30:02 UTC
Previous filing
02 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LORL Common Stock Disposed to Issuer -13.9K -100% 0 19 Nov 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

T. YEUNG is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each share was converted into the right to receive one newly issued Class B variable voting share of Telesat Corporation at the effective time of the Merger (as defined in the Transaction Agreement) pursuant to the Transaction Agreement and Plan of Merger (as amended from time to time and including all exhibits and schedules thereto, the "Transaction Agreement"), dated as of November 23, 2020, as amended on June 24, 2021, by and among Loral Space & Communications Inc., Telesat Corporation, Telesat Canada, Telesat Partnership LP, Telesat CanHold Corporation, Lion Combination Sub Corporation, Public Sector Pension Investment Board and Red Isle Private Investments Inc., subject to the terms and conditions therein.