SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Vieco 10 Ltd

(Last) (First) (Middle)
CRAIGMUIR CHAMBERS, ROAD TOWN

(Street)
TORTOLA D8 VG 1110

(City) (State) (Zip)
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 X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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 05/18/2020 S 1,293,633 D $16.1741(1) 110,921,805 D(2)
Common Stock 05/19/2020 S 481,367 D $16.0876(3) 110,440,438 D(2)
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 Securities Underlying Derivative Security (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: 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
1. Name and Address of Reporting Person*
Vieco 10 Ltd

(Last) (First) (Middle)
CRAIGMUIR CHAMBERS, ROAD TOWN

(Street)
TORTOLA D8 VG 1110

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Virgin Investments Ltd

(Last) (First) (Middle)
CRAIGMUIR CHAMBERS, ROAD TOWN

(Street)
TORTOLA D8 VG 1110

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Virgin Group Investments LLC

(Last) (First) (Middle)
CRAIGMUIR CHAMBERS, ROAD TOWN

(Street)
TORTOLA D8 VG 1110

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Corvina Holdings LTD

(Last) (First) (Middle)
CRAIGMUIR CHAMBERS, ROAD TOWN

(Street)
TORTOLA D8 VG 1110

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Virgin Group Holdings LTD

(Last) (First) (Middle)
CRAIGMUIR CHAMBERS, ROAD TOWN

(Street)
TORTOLA D8 VG 1110

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Branson Sir Richard

(Last) (First) (Middle)
HEADLAND HOUSE, MOSKITO ISLAND

(Street)
D8 VG 1150

(City) (State) (Zip)
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.97 to $16.79. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
2. Vieco 10 Limited is the record holder of the common stock reported herein. The majority owner of Vieco 10 Limited is Virgin Investments Limited, whose sole shareholder is Virgin Group Investments LLC, whose sole managing member is Corvina Holdings Limited, whose sole shareholder is Virgin Group Holdings Limited. Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. As a result, each of the foregoing entities and Mr. Branson may be deemed to share beneficial ownership of the securities held by Vieco 10 Limited.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.62 to $16.41. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Remarks:
Vieco 10 Limited By: /s/ James Cahillane, Director 05/20/2020
Virgin Investments Limited By: /s/ James Cahillane, Attorney-in-fact 05/20/2020
Virgin Group Investments LLC By: /s/ James Cahillane, Attorney-in-fact 05/20/2020
Corvina Holdings Limited By: /s/ James Cahillane, Attorney-in-fact 05/20/2020
Virgin Group Holdings Limited By: /s/ James Cahillane, Attorney-in-fact 05/20/2020
Sir Richard Branson By: /s/ James Cahillane, Attorney-in-fact 05/20/2020
** 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).
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