Adarsh Parekh - Oct 30, 2024 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Chief Financial Officer & EVP
Signature
/s/ Stephanie McMenamy, attorney-in-fact
Stock symbol
LLAP
Transactions as of
Oct 30, 2024
Transactions value $
$0
Form type
4
Date filed
10/30/2024, 08:52 AM
Previous filing
Jun 17, 2024

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
transaction LLAP Restricted Stock Units Disposed to Issuer -300K -100% 0 Oct 30, 2024 Common Stock 300K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Adarsh Parekh is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On October 30, 2024, the reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of August 15, 2024, by and among Terran Orbital Corporation ("Terran"), Lockheed Martin Corporation ("Parent"), and Tholian Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), whereby Merger Sub merged with and into Terran with Terran as the surviving corporation of the merger (the "Merger"). Upon the effectiveness of the Merger, each restricted stock unit (the "Company RSUs") held by the reporting person automatically became fully vested and was cancelled and converted into the right to receive an amount in cash, without interest and subject to applicable withholding of taxes, equal to the product of (i) the total number of shares of Terran common stock, par value $0.0001 per share, underlying such Company RSU held by the reporting person multiplied by (ii) the merger consideration of $0.25.