James Lachance - Mar 25, 2022 Form 3 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/ James LaChance
Stock symbol
LLAP
Transactions as of
Mar 25, 2022
Transactions value $
$0
Form type
3
Date filed
4/4/2022, 09:57 PM
Next filing
Jul 12, 2022

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 Mar 25, 2022 Common Stock 276K Direct F1, F2
holding LLAP Restricted Stock Units Mar 25, 2022 Common Stock 69K Direct F2, F3
holding LLAP Stock Option Mar 25, 2022 Common Stock 38.1K $1.41 Direct F4
holding LLAP Stock Option Mar 25, 2022 Common Stock 38.1K $1.41 Direct F5
holding LLAP Stock Option Mar 25, 2022 Common Stock 6.48K $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