Palermo Enrico Liberato 4
4 · Virgin Galactic Holdings, Inc · Filed Oct 27, 2020
Insider Transaction Report
Form 4
Palermo Enrico Liberato
Former COO & Pres., TSC, LLC
Transactions
- Award
Common Stock
[F1]2020-10-25+229,171→ 423,896 total - Tax Payment
Common Stock
[F2]2020-10-25$19.14/sh−12,032$230,292→ 411,864 total - Award
Stock Option
[F3]2020-10-25+229,172→ 229,172 totalExercise: $19.14Exp: 2030-10-25→ Common Stock (229,172 underlying)
Holdings
- 50(indirect: As custodian for son 1)
Common Stock
- 50(indirect: As custodian for son 2)
Common Stock
Footnotes (3)
- [F1]Represents an award of Restricted Stock Units (RSUs), which vests with respect to 25% of the RSUs on October 25, 2021 and, as to the remaining RSUs, in 36 equal monthly installments thereafter, subject to the executive's continued service. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
- [F2]Represents the number of shares of common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon vesting of 25% of the RSUs granted on October 25, 2019.
- [F3]The option shall vest with respect to 25% of the underlying shares on October 25, 2021 and, as to the remaining underlying shares, in 36 equal monthly installments thereafter, subject to the executive's continued service.
Signature
/s/ Michelle Kley, Attorney-in-fact for Enrico Libernato Palermo|2020-10-27