Biggs C. Porter - 03 May 2023 Form 4 Insider Report for Maxar Technologies Inc.

Reporting relationship: EVP, CFO
Issuer ticker: N/A
Reported as of: 03 May 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 05 May 2023, 16:57:35 UTC
Prior SEC filing: 03 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Eric J. Pagels, attorney-in-fact for Biggs C. Porter

Key filing fact

Biggs C. Porter filed Form 4 for Maxar Technologies Inc. on 05 May 2023.

Key facts

This page summarizes Biggs C. Porter's Form 4 filing for Maxar Technologies Inc..
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 May 2023, 16:57.

Change

Previous filing in this sequence was filed on 03 Mar 2023.
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.

MAXR transaction

Common Stock

Award

Transaction value
Shares: +99,912
Change %: +33%
Price
Shares after: 399,612
Date: 03 May 2023
Ownership: Direct
Footnotes: F1

MAXR transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -399,612
Change %: -100%
Price
Shares after: 0
Date: 03 May 2023
Ownership: Direct
Footnotes: F1, F2

MAXR transaction

Common Stock

Award

Transaction value
Shares: -99
Change %: -100%
Price
Shares after: 0
Date: 03 May 2023
Ownership: By Trust
Footnotes: F2, F3

Reported derivative securities

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

MAXR transaction Derivative

Common Stock Appreciation Right

Disposed to Issuer

Transaction value: $0
Shares: -10,307
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 03 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 0
Exercise price: $36.44
Footnotes: F4

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Biggs C. Porter 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

Pursuant to the Agreement and Plan of Merger dated as of Dec. 15, 2022 by and among the Issuer, Galileo Parent, Inc., a Delaware corporation, Galileo Bidco, Inc., a Delaware corporation, and Galileo Topco, Inc., a Delaware corporation ("Merger Agreement"), the number of shares of Issuer common stock underlying restricted stock units previously awarded by the Issuer that were subject to performance-based vesting conditions was deemed to equal the target number of shares subject to the applicable award multiplied by the applicable performance percentage set forth in the Merger Agreement. In accordance with the Merger Agreement, these awards converted into the right to receive a cash payment (without interest and subject to applicable taxes) equal to the amount obtained by multiplying the foregoing number of shares underlying each such award by $53.00, with the aggregate amount of such payment rounded down to the nearest cent.

Footnote F2

Pursuant to the Merger Agreement, each share of Issuer common stock, par value $0.0001 per share, and each share of Issuer common stock underlying restricted stock units subject to time-based vesting conditions, automatically and without any required action by the Reporting Person, was converted into the right to receive a cash payment (without interest and subject to any applicable taxes) of $53.00.

Footnote F3

The Reporting Person is the Co-Trustee of the Biggs Cunningham Porter Trust.

Footnote F4

Pursuant to the Merger Agreement, awards of stock appreciation rights ("SARs") previously granted by the Issuer were converted into the right to receive a cash payment (without interest and subject to any applicable taxes) equal to the product obtained by multiplying the total number of shares of Issuer common stock covered by such award, by the excess, if any, of $53.00 over the applicable exercise price of such SAR, with the aggregate amount of such payment rounded down to the nearest cent.