Sec Form 3/A Filing - Chitale Aparna @ Virgin Galactic Holdings, Inc - 2022-06-09

Insider filing report for Changes in Beneficial Ownership
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FORM 3/A
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Chitale Aparna
2. Issuer Name and Ticker or Trading Symbol
Virgin Galactic Holdings, Inc [ SPCE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
See Remarks
(Last) (First) (Middle)
1700 FLIGHT WAY
3. Date of Earliest Transaction (MM/DD/YY)
06/09/2022
(Street)
TUSTIN, CA92782
4. If Amendment, Date Original Filed (MM/DD/YY)
06/13/2022
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 167,566 ( 1 ) ( 2 ) ( 3 ) D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Chitale Aparna
1700 FLIGHT WAY
TUSTIN, CA92782
See Remarks
Signatures
/s/ Aparna Chitale 04/24/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes: (1) an award of 20,126 Restricted Stock Units ("RSUs") granted on September 30, 2021, which vested as to 50% of the RSUs on September 30, 2021 and the remaining 50% of which vested on September 30, 2022; (2) an award of 30,190 RSUs granted on September 30, 2021, which vested as to 25% of the RSUs on September 30, 2022 and the remaining 75% of which vest in 12 quarterly installments thereafter beginning on December 30, 2022; (3) an award of 90,547 RSUs granted on March 16, 2022, in which 25% of the RSUs will vest on March 16, 2023 and the remaining 75% of which vest in 12 quarterly installments thereafter beginning on June 16, 2023, in each case, subject to the Reporting Person's continued service through the applicable vest date; and (4) an award of 30,183 performance share units ("PSUs") granted on March 16, 2022, each of which represents a contingent right to receive one share of the Issuer's common stock.
( 2 )(Continued from footnote 1) The PSUs will vest based on the achievement of growth rates in the price of the Issuer's common stock between March 17, 2022 and March 16, 2025, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the target amount under the PSU award. The RSUs and PSUs settle in shares of the Issuer's common stock.
( 3 )This Form 3 Amendment is being filed to correct an error in Table I, Column 2 of the Reporting Person's Form 3 filed on June 13, 2022 (the "Original Filing Date"), as previously amended by that certain Form 3/A filed on January 20, 2023, which incorrectly accounted for the number of PSUs granted to the Reporting Person on March 16, 2022. The amount reported in Column 2 of Table I has been updated to reflect the number of shares of common stock held by the Reporting Person as of the Original Filing Date.

Remarks:
Chief People Officer

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