Anthony Previte - Mar 25, 2022 Form 3/A - Amendment Insider Report for Terran Orbital Corp (LLAP)

Role
Officer, Director
Signature
/s/ Anthony Previte
Stock symbol
LLAP
Transactions as of
Mar 25, 2022
Transactions value $
$0
Form type
3/A - Amendment
Date filed
4/7/2022, 04:15 PM
Date Of Original Report
Apr 5, 2022
Next filing
Jul 22, 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 $11 Retention Restricted Stock Units Mar 25, 2022 Common Stock 176K Direct F1
holding LLAP $13 Retention Restricted Stock Units Mar 25, 2022 Common Stock 149K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.

Remarks:

Co-Founder and Chief Strategy Officer This Form 3 amendment is being filed to correct the original Form 3 filed on April 5, 2022. The original Form 3 incorrectly described the date exercisable and expiration date for the $11 Retention Restricted Stock Units and the $13 Retention Restricted Stock Units.