Key facts
- This page summarizes John P. Stenbit's Form 4 filing for LORAL SPACE & COMMUNICATIONS INC..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 22 Nov 2021, 16:34.
John P. Stenbit - 19 Nov 2021 Form 4 Insider Report for LORAL SPACE & COMMUNICATIONS INC.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 19 Nov 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 22 Nov 2021, 16:34:25 UTC
- Prior SEC filing
- 07 Sep 2021
- Next SEC filing
- 02 Sep 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ John P. Stenbit
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
John P. Stenbit filed Form 4 for LORAL SPACE & COMMUNICATIONS INC. on 22 Nov 2021.
Change
- Previous filing in this sequence was filed on 07 Sep 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LORL
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -6,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 19 Nov 2021
- Ownership
- See Footnote
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LORL
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -18,452
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 19 Nov 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 18,452
- Exercise price
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
John P. Stenbit is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
Each share was converted into the right to receive one newly issued Class B variable voting share of Telesat Corporation at the effective time of the Merger (as defined in the Transaction Agreement) pursuant to the Transaction Agreement and Plan of Merger (as amended from time to time and including all exhibits and schedules thereto, the "Transaction Agreement"), dated as of November 23, 2020, as amended on June 24, 2021, by and among Loral Space & Communications Inc., Telesat Corporation, Telesat Canada, Telesat Partnership LP, Telesat CanHold Corporation, Lion Combination Sub Corporation, Public Sector Pension Investment Board and Red Isle Private Investments Inc., subject to the terms and conditions therein.
Footnote F2
These shares were owned by a trust for the benefit of Mr. Stenbit's wife of which Mr. Stenbit disclaimed beneficial ownership.
Footnote F3
Each restricted stock unit, or RSU, represented a contingent right to receive one share of Common Stock of the Issuer or at the Issuer's election, the cash value thereof.
Footnote F4
The RSUs were fully vested prior to the Merger. Each RSU was settled in shares of Issuer Common Stock immediately prior to the Merger that were converted into the right to receive newly issued Class B variable voting shares of Telesat Corporation at the effective time of the Merger pursuant to the Transaction Agreement, subject to the terms and conditions therein.