Key facts
- This page summarizes James S. Black's Form 4 filing for Terran Orbital Corp.
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 30 Oct 2024, 08:53.
James S. Black - 30 Oct 2024 Form 4 Insider Report for Terran Orbital Corp
- Reporting relationship
- General Counsel
- Issuer ticker
- N/A
- Reported as of
- 30 Oct 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 30 Oct 2024, 08:53:14 UTC
- Prior SEC filing
- 23 Jan 2024
- Next SEC filing
- 13 Mar 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ James S. Black
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
James S. Black filed Form 4 for Terran Orbital Corp on 30 Oct 2024.
Change
- Previous filing in this sequence was filed on 23 Jan 2024.
- 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.
LLAP
transaction
Common Stock, par value $0.0001 per share
Disposed to Issuer
- Transaction value
- Shares
- -50,174
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Oct 2024
- Ownership
- Direct
- Footnotes
- F1
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
- Shares
- -201,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Oct 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 201,000
- Exercise price
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
James S. Black is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
On October 30, 2024, the reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of August 15, 2024, by and among Terran Orbital Corporation, a Delaware corporation ("Terran"), Lockheed Martin Corporation, a Maryland corporation ("Parent"), and Tholian Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into Terran with Terran as the surviving corporation of the merger (the "Merger"). Upon the effectiveness of the Merger, the reporting person received $0.25 in cash, without interest (the "Merger Consideration"), for each share of common stock, par value $0.0001 per share, of Terran (the "Common Stock").
Footnote F2
Upon the effectiveness of the Merger and pursuant to the Merger Agreement, each restricted stock unit with respect to the Common Stock (the "Company RSUs") held by the reporting person automatically became fully vested and was cancelled and converted into the right to receive an amount in cash, without interest and subject to applicable withholding of taxes, equal to the product of (i) the total number of shares of Common Stock underlying such Company RSU held by the reporting person multiplied by (ii) the Merger Consideration.