Daniel C. Staton - Oct 13, 2022 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/ Stephanie McMenamy, attorney-in-fact
Stock symbol
LLAP
Transactions as of
Oct 13, 2022
Transactions value $
-$254,647
Form type
4
Date filed
10/17/2022, 06:36 PM
Previous filing
Aug 25, 2022
Next filing
Nov 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise +483K +41.74% 1.64M Oct 13, 2022 Direct F1, F2
transaction LLAP Common Stock, par value $0.0001 per share Disposed to Issuer -$255K -121K -7.36% $2.11 1.52M Oct 13, 2022 Direct F2

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 Options Exercise $0 -483K -47.89% $0.00 525K Oct 13, 2022 Common Stock 483K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.
F2 The reporting person settled 75% of his vested restricted stock units disclosed herein for shares of LLAP common stock and 25% for cash.
F3 Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to vesting in two equal annual installments on each anniversary of the vesting start date.