PREVITE ANTHONY 4

Accession 0000899243-22-026590

CIK 0001835512other

View on SEC.gov Company Profile

Filed

Jul 21, 8:00 PM ET

Accepted

Jul 22, 5:23 PM ET

Size

32.1 KB

Accession

0000899243-22-026590

Insider Transaction Report

Form 4

Period: 2022-07-08

Terran Orbital CorpLLAP

PREVITE ANTHONY

DirectorSee Remarks

Transactions

Gift
Common Stock, par value $0.0001 per share
2022-07-08+10,372,117→ 0 total(indirect: By Trust)
Gift
Restricted Stock Units
2022-07-08+1,930,954→ 0 total(indirect: By Trust)
→ Common Stock (1,930,954 underlying)
Gift
$11 Retention Restricted Stock Units
2022-07-08−175,606→ 0 total
From: 2022-03-25Exp: 2027-03-25→ Common Stock (175,606 underlying)
Gift
Restricted Stock Units
2022-07-08−1,231,204→ 0 total
→ Common Stock (1,231,204 underlying)
Gift
Common Stock, par value $0.0001 per share
2022-07-08−10,372,117→ 0 total
Gift
Restricted Stock Units
2022-07-08−1,930,954→ 0 total
→ Common Stock (1,930,954 underlying)
Gift
Restricted Stock Units
2022-07-08+1,231,204→ 0 total(indirect: By Trust)
→ Common Stock (1,231,204 underlying)
Gift
Restricted Stock Units
2022-07-08−1,103,402→ 0 total
→ Common Stock (1,103,402 underlying)
Gift
Restricted Stock Units
2022-07-08+1,103,402→ 0 total(indirect: By Trust)
→ Common Stock (1,103,402 underlying)
Gift
$11 Retention Restricted Stock Units
2022-07-08+175,606→ 0 total(indirect: By Trust)
From: 2022-03-25Exp: 2027-03-25→ Common Stock (175,606 underlying)
Gift
$13 Retention Restricted Stock Units
2022-07-08−148,600→ 0 total
From: 2022-03-25Exp: 2027-03-25→ Common Stock (148,600 underlying)
Gift
$13 Retention Restricted Stock Units
2022-07-08+148,600→ 0 total(indirect: By Trust)
From: 2022-03-25Exp: 2027-03-25→ Common Stock (148,600 underlying)

Footnotes (8)

[F1]The reporting person transferred all of his common stock and restricted stock units to his family trust on July 8, 2022. The reporting person served as the trustee of the trust at the time of the transfers.
[F2]35,495 of the shares were previously held in Terran Orbital Management Investors LLC, but those shares of common stock were distributed in kind to Mr. Previte without consideration prior to contributing them to the trust.
[F3]Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to a time-based vesting condition described 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.
[F4]The restricted stock units vest in four equal annual installments on the anniversary of the vesting start date. Vesting start date is March 15, 2021.
[F5]The restricted stock units vest in four equal annual installments on the anniversary of the vesting start date. Vesting start date is February 24, 2021.
[F6]The restricted stock units vest in two equal annual installments on the anniversary of the vesting start date. Vesting start date is February 24, 2021.
[F7]Each retention restricted stock unit represents a contingent right to receive one share of LLAP common stock. Such restricted stock will vest upon satisfying certain conditions, including 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.
[F8]Each retention restricted stock unit represents a contingent right to receive one share of LLAP common stock. Such restricted stock will vest upon satisfying certain conditions, including 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

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Terran Orbital Corp

CIK 0001835512

→

Entity typeother

Related Parties

filerCIK 0001479501

Filing Metadata

Form type: 4
Filed: Jul 21, 8:00 PM ET
Accepted: Jul 22, 5:23 PM ET
Size: 32.1 KB

View on SEC.gov