Daniel C. Staton - Mar 25, 2022 Form 3 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/ Daniel C. Staton
Stock symbol
LLAP
Transactions as of
Mar 25, 2022
Transactions value $
$0
Form type
3
Date filed
4/5/2022, 06:11 AM
Previous filing
Feb 25, 2022
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LLAP Common Stock, par value $0.0001 per share 1.1M Mar 25, 2022 Direct
holding LLAP Common Stock, par value $0.0001 per share 8.13M Mar 25, 2022 Staton Tyvak Family Limited Partnership F1
holding LLAP Common Stock, par value $0.0001 per share 3M Mar 25, 2022 Staton Orbital Family Limited Partnership F2
holding LLAP Common Stock, par value $0.0001 per share 53.2K Mar 25, 2022 Terran Orbital Management Investors LLC F3

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 965K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by Staton Tyvak Family Limited Partnership, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.
F2 Held by Staton Orbital Family Limited Partnership, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.
F3 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.
F4 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.
F5 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.

Remarks:

Exhibit List: See Exhibit 24.1 - Power of Attorney