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

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
PREVITE ANTHONY
  2. Issuer Name and Ticker or Trading Symbol
Terran Orbital Corp [LLAP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
See Remarks
(Last)
(First)
(Middle)
6800 BROKEN SOUND PARKWAY, SUITE 200
3. Date of Earliest Transaction (Month/Day/Year)
07/08/2022
(Street)

BOCA RATON, FL 33487
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.0001 per share 07/08/2022   G V 10,372,117 (1) (2) D $ 0 0 D  
Common Stock, par value $0.0001 per share 07/08/2022   G V 10,372,117 (1) (2) A $ 0 0 I By Anthony L. Previte Declaration of Trust dated June 10, 2022

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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
Restricted Stock Units (3) 07/08/2022   G V   1,930,954   (4)   (4) Common Stock 1,930,954 $ 0 0 D  
Restricted Stock Units (3) 07/08/2022   G V 1,930,954 (1)     (4)   (4) Common Stock 1,930,954 $ 0 0 I By Anthony L. Previte Declaration of Trust dated June 10, 2022
Restricted Stock Units (3) 07/08/2022   G V   1,231,204 (1)   (5)   (5) Common Stock 1,231,204 $ 0 0 D  
Restricted Stock Units (3) 07/08/2022   G V 1,231,204 (1)     (5)   (5) Common Stock 1,231,204 $ 0 0 I By Anthony L. Previte Declaration of Trust dated June 10, 2022
Restricted Stock Units (3) 07/08/2022   G V   1,103,402 (1)   (6)   (6) Common Stock 1,103,402 $ 0 0 D  
Restricted Stock Units (3) 07/08/2022   G V 1,103,402 (1)     (6)   (6) Common Stock 1,103,402 $ 0 0 I By Anthony L. Previte Declaration of Trust dated June 10, 2022
$11 Retention Restricted Stock Units (7) 07/08/2022   G V   175,606 (1) 03/25/2022 03/25/2027 Common Stock 175,606 $ 0 0 D  
$11 Retention Restricted Stock Units (7) 07/08/2022   G V 175,606 (1)   03/25/2022 03/25/2027 Common Stock 175,606 $ 0 0 I By Anthony L. Previte Declaration of Trust dated June 10, 2022
$13 Retention Restricted Stock Units (8) 07/08/2022   G V   148,600 (1) 03/25/2022 03/25/2027 Common Stock 148,600 $ 0 0 D  
$13 Retention Restricted Stock Units (8) 07/08/2022   G V 148,600 (1)   03/25/2022 03/25/2027 Common Stock 148,600 (1) $ 0 0 I By Anthony L. Previte Declaration of Trust dated June 10, 2022

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PREVITE ANTHONY
6800 BROKEN SOUND PARKWAY, SUITE 200
BOCA RATON, FL 33487
      See Remarks

Signatures

 /s/ Stacy N. Previte, as Personal Representative of Reporting Person   07/22/2022
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person transferred all of his common stock and restricted stock units to his family trust on July 8, 2022. The reporting person served as the trustee of the trust at the time of the transfers.
(2) 35,495 of the shares were previously held in Terran Orbital Management Investors LLC, but those shares of common stock were distributed in kind to Mr. Previte without consideration prior to contributing them to the trust.
(3) Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to a time-based vesting condition described herein and a Liquidity Event vesting condition. The Liquidity Event vesting condition was satisfied on March 25, 2022 upon the closing of LLAP's business combination.
(4) The restricted stock units vest in four equal annual installments on the anniversary of the vesting start date. Vesting start date is March 15, 2021.
(5) The restricted stock units vest in four equal annual installments on the anniversary of the vesting start date. Vesting start date is February 24, 2021.
(6) The restricted stock units vest in two equal annual installments on the anniversary of the vesting start date. Vesting start date is February 24, 2021.
(7) Each retention restricted stock unit represents a contingent right to receive one share of LLAP common stock. Such restricted stock will vest upon satisfying certain conditions, including the market price of LLAP common stock being at or greater than $11/share in 20 out of 30 trading days during a five year period starting March 25, 2022.
(8) Each retention restricted stock unit represents a contingent right to receive one share of LLAP common stock. Such restricted stock will vest upon satisfying certain conditions, including the market price of LLAP common stock being at or greater than $13/share in 20 out of 30 trading days during a five year period starting March 25, 2022.
 
Remarks:
At the time of the transfers by the reporting person to his family trust he was the Co-Founder, Chief Strategy Officer and Executive Vice President of LLAP and a member of the board of directors of LLAP. Following the date of the transfers, the reporting person passed away.

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