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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
3
Accepted by SEC
05 Apr 2022, 06:11:38 UTC
Prior SEC filing
25 Feb 2022
Next SEC filing
25 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Daniel C. Staton

Key filing fact

Daniel C. Staton filed Form 3 for Terran Orbital Corp on 05 Apr 2022.

Key facts

  • This page summarizes Daniel C. Staton's Form 3 filing for Terran Orbital Corp.
  • 0 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 05 Apr 2022, 06:11.

Change

  • Previous filing in this sequence was filed on 25 Feb 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LLAP holding

Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,103,402
Date
25 Mar 2022
Ownership
Direct
LLAP holding

Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,133,126
Date
25 Mar 2022
Ownership
Staton Tyvak Family Limited Partnership
Footnotes
F1
LLAP holding

Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,000,000
Date
25 Mar 2022
Ownership
Staton Orbital Family Limited Partnership
Footnotes
F2
LLAP holding

Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
53,243
Date
25 Mar 2022
Ownership
Terran Orbital Management Investors LLC
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LLAP holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
25 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
965,479
Exercise price
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

SEC remarks

Exhibit List: See Exhibit 24.1 - Power of Attorney

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