4//SEC Filing
LACHANCE JAMES 4
Accession 0000950170-24-118634
CIK 0001835512other
Filed
Oct 29, 8:00 PM ET
Accepted
Oct 30, 8:55 AM ET
Size
8.3 KB
Accession
0000950170-24-118634
Insider Transaction Report
Form 4
LACHANCE JAMES
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2024-10-30−176,927→ 0 total→ Common Stock (176,927 underlying) - Disposition to Issuer
Common Stock, par value $0.0001 per share
2024-10-30−451,862→ 0 total
Footnotes (2)
- [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").
- [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, 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. Each outstanding and unexercised option to purchase Common Stock owned by the reporting person had an exercise price equal to or greater than the Merger Consideration and therefore, upon theeffectiveness of the Merger and pursuant to the Merger Agreement, was cancelled without the payment of consideration.
Documents
Issuer
Terran Orbital Corp
CIK 0001835512
Entity typeother
Related Parties
1- filerCIK 0001481755
Filing Metadata
- Form type
- 4
- Filed
- Oct 29, 8:00 PM ET
- Accepted
- Oct 30, 8:55 AM ET
- Size
- 8.3 KB