Statement of Changes in Beneficial Ownership (4)
July 22 2020 - 12:34PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Colglazier Michael A |
2. Issuer Name and Ticker or Trading Symbol
Virgin Galactic Holdings, Inc
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SPCE
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO |
(Last)
(First)
(Middle)
166 NORTH ROADRUNNER PARKWAY, SUITE 1C |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/20/2020 |
(Street)
LAS CRUCES, NM 88011
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common stock | 7/20/2020 | | A | | 570000 (1) | A | $0 | 570000 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option | $22.98 | 7/20/2020 | | A | | 500000 | | (2) | (2) | Common stock | 500000.0 | $0 | 500000 | D | |
Explanation of Responses: |
(1) | Includes 535,000 restricted stock units, 160,000 of which will vest on July 20, 2021, while the remaining restricted stock units will vest in twelve equal quarterly installments thereafter. The restricted stock units will be settled in shares of the Issuer's common stock upon vesting. |
(2) | The stock option will vest in sixty equal monthly installments beginning on August 20, 2020. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Colglazier Michael A 166 NORTH ROADRUNNER PARKWAY SUITE 1C LAS CRUCES, NM 88011 | X |
| CEO |
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Signatures
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/s/ Michelle Kley, Attorney-in-fact | | 7/22/2020 |
**Signature of Reporting Person | Date |
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