LACHANCE JAMES 4
4 · Terran Orbital Corp · Filed Oct 17, 2022
Insider Transaction Report
Form 4
LACHANCE JAMES
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2022-10-13−172,406→ 214,911 totalExercise: $0.00→ Common Stock (172,406 underlying) - Exercise/Conversion
Common Stock, par value $0.0001 per share
2022-10-13+172,406→ 172,406 total - Disposition to Issuer
Common Stock, par value $0.0001 per share
2022-10-13$2.11/sh−43,103$90,947→ 129,303 total
Footnotes (3)
- [F1]Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.
- [F2]The reporting person settled 75% of his vested restricted stock units disclosed herein for shares of LLAP common stock and 25% for cash.
- [F3]Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to vesting in two equal annual installments on each anniversary of the vesting start date.