Sec Form 4 Filing - Campagna Jonathan Joseph @ Virgin Galactic Holdings, Inc - 2020-10-25

Insider filing report for Changes in Beneficial Ownership
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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
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
Campagna Jonathan Joseph
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)
CFO, Treasurer
(Last) (First) (Middle)
166 NORTH ROADRUNNER PARKWAY, SUITE 1C
3. Date of Earliest Transaction (MM/DD/YY)
10/25/2020
(Street)
LAS CRUCES, NM88011
4. If Amendment, Date Original Filed (MM/DD/YY)
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 10/25/2020 A 152,781 ( 1 ) A $ 0 245,564 D
Common Stock 10/25/2020 F 8,022 ( 2 ) D $ 19.14 237,542 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
Stock Option $ 19.14 10/25/2020 A 152,781 ( 3 ) 10/25/2030 Common Stock 152,781 $ 0 152,781 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Campagna Jonathan Joseph
166 NORTH ROADRUNNER PARKWAY
SUITE 1C
LAS CRUCES, NM88011
CFO, Treasurer
Signatures
/s/ Michelle Kley, Attorney-in-fact for Jonathan Joseph Campagna 10/27/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.
( 3 )The option will 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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

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