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Form 3/A Virgin Galactic Holdings For: Jun 09 Filed by: Burns Alistair

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January 27, 2023 5:39 PM EST
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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1. Name and Address of Reporting Person *
Burns Alistair
(Last) (First) (Middle)
1700 FLIGHT WAY
(Street)
TUSTIN CA 92782
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/09/2022 		3. Issuer Name and Ticker or Trading Symbol
Virgin Galactic Holdings, Inc [ SPCE ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Information Officer
 5. If Amendment, Date of Original Filed (Month/Day/Year)
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
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 94,863 (1) (2)
D
 
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Includes: (1) an award of 48,900 restricted stock units ("RSUs") granted on February 11, 2021, which vested as to 25% of the RSUs on November 9, 2021 and the remaining 75% of which vested in 36 monthly installments thereafter beginning on December 30, 2021; (2) an award of 10,249 RSUs granted on September 27, 2021, which vested as to 25% of the RSUs on September 25, 2022 and the remaining 75% of which vested in 12 quarterly installments thereafter beginning on January 23, 2023; and (3) an award of 42,255 RSUs granted on March 16, 2022, in which 25% of the RSUs will vest on March 16, 2023 and the remaining 75% of which will 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. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
2. 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") to account for certain withholdings for RSUs that vested between November 2021 and May 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 date of the Original Filing.
/s/ Aaron Futch, Attorney-in-fact for Alistair Burns 01/27/2023
** Signature of Reporting Person Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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