TARGOFF MICHAEL B 4
4 · LORAL SPACE & COMMUNICATIONS INC. · Filed Nov 22, 2021
Insider Transaction Report
Form 4
TARGOFF MICHAEL B
DirectorVice Chairman,CEO andPresident
Transactions
- Disposition to Issuer
Common Stock
2021-11-19−24,533→ 0 total(indirect: See Footnote) - Disposition to Issuer
Common Stock
2021-11-19−81,872→ 0 total
Footnotes (2)
- [F1]Each of these shares was converted into the right to receive one newly issued Class B common share of Telesat Corporation immediately prior to the effective time of the Merger (as defined in the Transaction Agreement) pursuant to the Transaction Agreement and Plan of Merger (as amended from time to time and including all exhibits and schedules thereto, the "Transaction Agreement"), dated as of November 23, 2020, as amended on June 24, 2021, by and among Loral Space & Communications Inc., Telesat Corporation, Telesat Canada, Telesat Partnership LP, Telesat CanHold Corporation, Lion Combination Sub Corporation, Public Sector Pension Investment Board and Red Isle Private Investments Inc., subject to the terms and conditions therein.
- [F2]These shares were owned by a charitable foundation of which Mr. Targoff is president and of which Mr. Targoff disclaimed beneficial ownership.