James Lachance - 25 Mar 2022 Form 3 Insider Report for Terran Orbital Corp

Role
Director
Signature
/s/ James LaChance
Issuer symbol
N/A
Transactions as of
25 Mar 2022
Net transactions value
$0
Form type
3
Filing time
04 Apr 2022, 21:57:30 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 275,855 Direct F1, F2
holding LLAP Restricted Stock Units 25 Mar 2022 Common Stock 68,962 Direct F2, F3
holding LLAP Stock Option 25 Mar 2022 Common Stock 38,067 $1.41 Direct F4
holding LLAP Stock Option 25 Mar 2022 Common Stock 38,067 $1.41 Direct F5
holding LLAP Stock Option 25 Mar 2022 Common Stock 6,482 $1.41 Direct F6
* 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 two equal annual installments on the anniversary of the vesting start date. Vesting start date is February 24, 2021.
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.
F3 The restricted stock units vest in two equal annual installments on the anniversary of the vesting start date. Vesting start date is July 1, 2021.
F4 The option vested in two equal annual installments beginning January 1, 2020.
F5 The option vests in two equal annual installments beginning January 1, 2019.
F6 The option vests in two equal annual installments beginning October 30, 2018.

Remarks:

Exhibit List: See Exhibit 24.1 - Power of Attorney