Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | LLAP | Common Stock, par value $0.0001 per share | 5.79M | Mar 25, 2022 | M and S Villa Nevada Trust | F1 | |||||
holding | LLAP | Common Stock, par value $0.0001 per share | 71K | Mar 25, 2022 | Terran Orbital Management Investors LLC | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | LLAP | $11 Retention Restricted Stock Units | Mar 25, 2022 | Common Stock | 79.4K | Direct | F3 | |||||||
holding | LLAP | $13 Retention Restricted Stock Units | Mar 25, 2022 | Common Stock | 67.2K | Direct | F4 | |||||||
holding | LLAP | Restricted Stock Units | Mar 25, 2022 | Common Stock | 616K | M and S Villa Nevada Trust | F1, F5, F6 | |||||||
holding | LLAP | Restricted Stock Units | Mar 25, 2022 | Common Stock | 414K | M and S Villa Nevada Trust | F1, F6, F7 |
Id | Content |
---|---|
F1 | Held by M and S Villa Nevada Trust, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control. |
F2 | Reporting Person's proportionate number of shares held through Terran Orbital Management Investors LLC, an investment vehicle over which the Reporting Person shares voting and dispositive power. |
F3 | Each retention restricted stock unit represents a contingent right to receive one share of LLAP common stock. Such restricted stock will vest upon satisfying two remaining conditions: (i) Reporting Person must be in continuous employment with the Issuer or its subsidiaries for one year starting on March 25, 2022 and (ii) the market price of LLAP common stock being at or greater than $11/share in 20 out of 30 trading days during a five year period starting March 25, 2022. |
F4 | Each retention restricted stock unit represents a contingent right to receive one share of LLAP common stock. Such restricted stock will vest upon satisfying two remaining conditions: (i) Reporting Person must be in continuous employment with the Issuer or its subsidiaries for one year starting on March 25, 2022 and (ii) the market price of LLAP common stock being at or greater than $13/share in 20 out of 30 trading days during a five year period starting March 25, 2022. |
F5 | The restricted stock units vest in four equal annual installments on the anniversary of the vesting start date. Vesting start date is February 24, 2021. |
F6 | 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. |
F7 | The restricted stock units vest in four equal annual installments on the anniversary of the vesting start date. Vesting start date is March 15, 2021 |
Chief Revenue Officer and Executive Vice President Exhibit List: See Exhibit 24.1 - Power of Attorney