4//SEC Filing
Hageman Hilary 4
Accession 0000899243-22-020561
CIK 0001835512other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 9:12 PM ET
Size
11.5 KB
Accession
0000899243-22-020561
Insider Transaction Report
Form 4
Hageman Hilary
See Remarks
Transactions
- Disposition to Issuer
Restricted Stock Units
2022-05-28−275,850→ 0 total→ Common Stock (275,850 underlying) - Disposition to Issuer
$11 Retention Restricted Stock Units
2022-05-28−47,087→ 0 totalFrom: 2022-03-25Exp: 2027-03-25→ Common Stock (47,087 underlying) - Disposition to Issuer
$13 Retention Restricted Stock Units
2022-05-28−39,832→ 0 totalFrom: 2022-03-25Exp: 2027-03-25→ Common Stock (39,832 underlying)
Footnotes (5)
- [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.
- [F2]The restricted stock units were canceled by LLAP effective May 28, 2022.
- [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.
- [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.
- [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.
Documents
Issuer
Terran Orbital Corp
CIK 0001835512
Entity typeother
Related Parties
1- filerCIK 0001791922
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 9:12 PM ET
- Size
- 11.5 KB