Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0000899243-19-026190
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-10-29 20:58:39
Reporting Period:
2019-10-25
Accepted Time:
2019-10-29 20:58:39
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1706946 Virgin Galactic Holdings Inc SPCE Blank Checks (6770) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1715450 Chamath Palihapitiya 166 North Roadrunner Parkway
Suite 1C
Las Cruces NM 88011
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2019-10-25 10,000,000 $10.00 10,000,000 No 4 P Direct
Common Stock Acquisiton 2019-10-25 15,750,000 $0.00 15,750,000 No 4 C Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 C Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Class B Ordinary Shares Disposition 2019-10-25 17,250,000 $0.00 15,750,000 $0.00
Common Stock Warrants Acquisiton 2019-10-25 8,000,000 $1.50 8,000,000 $11.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 C Indirect
8,000,000 2019-11-24 2024-10-25 No 4 A Indirect
Footnotes
  1. Upon the completion of the initial business combination, the Class B Ordinary Shares held of record by SCH Sponsor Corp. were automatically converted into 15,750,000 shares of the Issuer's Common Stock.
  2. Represents securities held of record by SCH Sponsor Corp. The Reporting Person and Ian Osborne may be deemed to beneficially own shares held by SCH Sponsor Corp. by virtue of their shared control over SCH Sponsor Corp. Each of Messrs. Palihapitiya and Osborne disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, if any.
  3. On September 13, 2017, Social Capital Hedosophia Holdings Corp. ("SCH") effected a pro rata share capitalization resulting in an increase in the total number of Class B Ordinary Shares outstanding from 14,375,000 to 17,250,000 in order to maintain the ownership of Class B Ordinary Shares by the Sponsor at 20% of the issued and outstanding ordinary shares of SCH upon consummation of its initial public offering.