Hilary L. Hageman - 28 May 2022 Form 4 Insider Report for Terran Orbital Corp

Reporting relationship: Executive Vice President, General Counsel and Corporate Secretary
Issuer ticker: N/A
Reported as of: 28 May 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 01 Jun 2022, 21:12:03 UTC
Prior SEC filing: 05 Apr 2022
Next SEC filing: 11 Jul 2022
Source filing: View source filing
Reporting owner signature: /s/ Hageman Hilary

Key filing fact

Hilary L. Hageman filed Form 4 for Terran Orbital Corp on 01 Jun 2022.

Key facts

This page summarizes Hilary L. Hageman's Form 4 filing for Terran Orbital Corp.
3 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 01 Jun 2022, 21:12.

Change

Previous filing in this sequence was filed on 05 Apr 2022.
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 derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LLAP transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value: $0
Shares: -275,850
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 28 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 275,850
Exercise price
Footnotes: F1, F2, F3

LLAP transaction Derivative

$11 Retention Restricted Stock Units

Disposed to Issuer

Transaction value: $0
Shares: -47,087
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 28 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 47,087
Exercise price
Footnotes: F2, F4

LLAP transaction Derivative

$13 Retention Restricted Stock Units

Disposed to Issuer

Transaction value: $0
Shares: -39,832
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 28 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 39,832
Exercise price
Footnotes: F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each restricted stock unit represented a contingent right to receive one share of LLAP common stock subject to a time-based vesting condition, which is summarized herein, and a Liquidity Event vesting condition. The Liquidity Event vesting condition was satisfied on March 25, 2022 upon the closing of LLAP's business combination.

Footnote F2

The restricted stock units were canceled by LLAP effective May 28, 2022.

Footnote F3

The restricted stock units were to vest in four equal annual installments on the anniversary of the vesting start date. Vesting start date was August 23, 2021.

Footnote F4

Each retention restricted stock unit represented a contingent right to receive one share of LLAP common stock. Such restricted stock was to vest upon satisfying two remaining conditions: (i) Reporting Person must be in continuous employment with the Issuer or its subsidiaries for one year starting on March 25, 2022 and (ii) the market price of LLAP common stock being at or greater than $11/share in 20 out of 30 trading days during a five year period starting March 25, 2022.

Footnote F5

Each retention restricted stock unit represented a contingent right to receive one share of LLAP common stock. Such restricted stock was to vest upon satisfying two remaining conditions: (i) Reporting Person must be in continuous employment with the Issuer or its subsidiaries for one year starting on March 25, 2022 and (ii) the market price of LLAP common stock being at or greater than $13/share in 20 out of 30 trading days during a five year period starting March 25, 2022.

SEC remarks

Executive Vice President, General Counsel and Corporate Secretary