John D. Harkey Jr. - 19 Nov 2021 Form 4 Insider Report for LORAL SPACE & COMMUNICATIONS INC.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
22 Nov 2021, 16:35:58 UTC
Next SEC filing
13 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ John D. Harkey, Jr.

Key filing fact

John D. Harkey Jr. filed Form 4 for LORAL SPACE & COMMUNICATIONS INC. on 22 Nov 2021.

Key facts

  • This page summarizes John D. Harkey Jr.'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, 16:35.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • 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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

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
Direct
Footnotes
F1

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
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

John D. Harkey Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 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

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 F3

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, subject to the terms and conditions therein.

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