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

Role: Director
Signature: /s/ Daniel C. Staton
Issuer symbol: N/A
Transactions as of: 25 Mar 2022
Net transactions value: $0
Form type: 3
Filing time: 05 Apr 2022, 06:11:38 UTC
Previous filing: 25 Feb 2022
Next filing: 25 May 2022
SEC: View on sec.gov

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						1,103,402	25 Mar 2022	Direct
holding	LLAP	Common Stock, par value $0.0001 per share						8,133,126	25 Mar 2022	Staton Tyvak Family Limited Partnership	F1
holding	LLAP	Common Stock, par value $0.0001 per share						3,000,000	25 Mar 2022	Staton Orbital Family Limited Partnership	F2
holding	LLAP	Common Stock, par value $0.0001 per share						53,243	25 Mar 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							25 Mar 2022	Common Stock	965,479		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