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

Role: Director
Signature: /s/ Janet Yeung
Stock symbol: LORL
Transactions as of: Nov 19, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/22/2021, 04:30 PM
Previous filing: Jul 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	LORL	Common Stock	Disposed to Issuer		-13.9 K	-100%		0	Nov 19, 2021	Direct	F1

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.

Content

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.