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

Role
10%+ Owner
Signature
/s/ Lockheed Martin Corporation, by John E. Stevens, Vice President, Associate General Counsel
Stock symbol
LLAP
Transactions as of
Oct 30, 2024
Transactions value $
$0
Form type
4
Date filed
11/1/2024, 05:49 PM
Previous filing
Nov 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LLAP Common Stock Purchase +1K 1K Oct 30, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Lockheed Martin Corp 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, pursuant to the Agreement and Plan of Merger, dated as of August 15, 2024, by and among the Reporting Person, Tholian Merger Sub, Inc., a wholly owned subsidiary of the Reporting Person ("Merger Sub"), and the Issuer, on Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of the Reporting Person. Prior to completion of the Merger, the shares of common stock of the Issuer previously directly owned by Astrolink International, LLC, an indirect wholly owned subsidiary of the Reporting Person, were contributed to the Reporting Person.
F2 At the effective time of the Merger (the "Effective Time"), the 13,481,857 shares of common stock of the Issuer owned by the Reporting Person immediately prior to the Effective Time were cancelled for no consideration, and the Reporting Person became the direct beneficial owner of 1,000 shares of common stock of the surviving corporation, representing 100% of the issued and outstanding shares of common stock of the surviving corporation. In connection with the consummation of the Merger, on October 30, 2024, all Senior Secured Convertible Notes due 2027 and warrants to purchase shares of common stock held by the Reporting Person, which were previously reported in Table II of the Reporting Person's previous Section 16 filings with respect to the Issuer's securities, were canceled for no consideration.