4//SEC Filing
Osborne Ian 4
Accession 0000899243-19-026195
CIK 0001706946other
Filed
Oct 28, 8:00 PM ET
Accepted
Oct 29, 9:01 PM ET
Size
12.1 KB
Accession
0000899243-19-026195
Insider Transaction Report
Form 4
SCH Sponsor Corp.
10% Owner
Transactions
- Conversion
Class B Ordinary Shares
2019-10-25$0.00/sh−17,250,000$34,500→ 0 total(indirect: See footnote)→ Common Stock (15,750,000 underlying) - Conversion
Common Stock
2019-10-25+15,750,000→ 15,750,000 total(indirect: See footnote) - Award
Warrants
2019-10-25$1.50/sh+8,000,000$12,000,000→ 8,000,000 total(indirect: See footnote)Exercise: $11.50From: 2019-11-24Exp: 2024-10-25→ Common Stock (8,000,000 underlying)
Osborne Ian
DirectorPresident10% Owner
Transactions
- Award
Warrants
2019-10-25$1.50/sh+8,000,000$12,000,000→ 8,000,000 total(indirect: See footnote)Exercise: $11.50From: 2019-11-24Exp: 2024-10-25→ Common Stock (8,000,000 underlying) - Conversion
Class B Ordinary Shares
2019-10-25$0.00/sh−17,250,000$34,500→ 0 total(indirect: See footnote)→ Common Stock (15,750,000 underlying) - Conversion
Common Stock
2019-10-25+15,750,000→ 15,750,000 total(indirect: See footnote)
Footnotes (3)
- [F1]Upon the completion of the initial business combination, the Class B Ordinary Shares held of record by SCH Sponsor Corp. were automatically converted into 15,750,000 shares of the Issuer's Common Stock.
- [F2]Represents securities held of record by SCH Sponsor Corp. Chamath Palihapitiya and Ian Osborne may be deemed to beneficially own shares held by SCH Sponsor Corp. by virtue of their shared control over SCH Sponsor Corp. Each of Messrs. Palihapitiya and Osborne disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, if any.
- [F3]On September 13, 2017, Social Capital Hedosophia Holdings Corp. ("SCH") effected a pro rata share capitalization resulting in an increase in the total number of Class B Ordinary Shares outstanding from 14,375,000 to 17,250,000 in order to maintain the ownership of Class B Ordinary Shares by the Sponsor at 20% of the issued and outstanding ordinary shares of SCH upon consummation of its initial public offering.
Documents
Issuer
Virgin Galactic Holdings, Inc
CIK 0001706946
Entity typeother
Related Parties
1- filerCIK 0001715393
Filing Metadata
- Form type
- 4
- Filed
- Oct 28, 8:00 PM ET
- Accepted
- Oct 29, 9:01 PM ET
- Size
- 12.1 KB