# EDGAR Filing Document

**Accession Number:** 0001575619
**File Stem:** 0001415889-23-001834
**Filing Date:** 2023-2
**Character Count:** 19490
**Document Hash:** e86de66ff03885b01c02aabf9f00b0d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001415889-23-001834.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001415889-23-001834

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230202

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** GOLDSMITH CARL H
- **CENTRAL INDEX KEY:** 0001226862

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40170
- **FILM NUMBER:** 23582752

**MAIL ADDRESS:**
- **STREET 1:** C/O BEACH POINT CAPITAL MANAGEMENT LP
- **STREET 2:** 1620 26TH STREET, SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Beach Point Capital Management LP
- **CENTRAL INDEX KEY:** 0001453885
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40170
- **FILM NUMBER:** 23582756

**BUSINESS ADDRESS:**
- **STREET 1:** 1620 26TH STREET
- **STREET 2:** SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
- **BUSINESS PHONE:** (310) 996-9700

**MAIL ADDRESS:**
- **STREET 1:** 1620 26TH STREET
- **STREET 2:** SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Beach Point GP LLC
- **CENTRAL INDEX KEY:** 0001455152
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40170
- **FILM NUMBER:** 23582755

**BUSINESS ADDRESS:**
- **STREET 1:** 11755 WILSHIRE BOULEVARD
- **STREET 2:** SUITE 1400
- **CITY:** LOS ANGELES
- **STATE:** X1
- **ZIP:** 90025
- **BUSINESS PHONE:** (310) 996-9700

**MAIL ADDRESS:**
- **STREET 1:** 11755 WILSHIRE BOULEVARD
- **STREET 2:** SUITE 1400
- **CITY:** LOS ANGELES
- **STATE:** X1
- **ZIP:** 90025
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Beach Point Advisors LLC
- **CENTRAL INDEX KEY:** 0001537618
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40170
- **FILM NUMBER:** 23582754

**BUSINESS ADDRESS:**
- **STREET 1:** 1620 26TH STREET, SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
- **BUSINESS PHONE:** 310-996-9700

**MAIL ADDRESS:**
- **STREET 1:** 1620 26TH STREET, SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Beach Point SCF Multi-Port LP
- **CENTRAL INDEX KEY:** 0001575619
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40170
- **FILM NUMBER:** 23582749

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BEACH POINT CAPITAL MANAGEMENT
- **STREET 2:** 1620 26TH STREET, SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
- **BUSINESS PHONE:** 3109969700

**MAIL ADDRESS:**
- **STREET 1:** C/O BEACH POINT CAPITAL MANAGEMENT
- **STREET 2:** 1620 26TH STREET, SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Beach Point SCF IV LLC
- **CENTRAL INDEX KEY:** 0001584342
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40170
- **FILM NUMBER:** 23582751

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BEACH POINT CAPITAL MANAGEMENT
- **STREET 2:** 1620 26TH STREET, SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
- **BUSINESS PHONE:** 3109969700

**MAIL ADDRESS:**
- **STREET 1:** C/O BEACH POINT CAPITAL MANAGEMENT
- **STREET 2:** 1620 26TH STREET, SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Beach Point TX SCF LP
- **CENTRAL INDEX KEY:** 0001709957
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40170
- **FILM NUMBER:** 23582750

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BEACH POINT CAPITAL MANAGEMENT LP
- **STREET 2:** 1620 26TH STREET, SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
- **BUSINESS PHONE:** 3109969700

**MAIL ADDRESS:**
- **STREET 1:** C/O BEACH POINT CAPITAL MANAGEMENT LP
- **STREET 2:** 1620 26TH STREET, SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Klein Scott Martin
- **CENTRAL INDEX KEY:** 0001770106

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40170
- **FILM NUMBER:** 23582753

**MAIL ADDRESS:**
- **STREET 1:** 1620 26TH STREET
- **STREET 2:** SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Terran Orbital Corp
- **CENTRAL INDEX KEY:** 0001835512
- **STANDARD INDUSTRIAL CLASSIFICATION:** GUIDED MISSILES & SPACE VEHICLES & PARTS [3760]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 6800 BROKEN SOUND PARKWAY, SUITE 200
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33487
- **BUSINESS PHONE:** (561) 988-1704

**MAIL ADDRESS:**
- **STREET 1:** 6800 BROKEN SOUND PARKWAY, SUITE 200
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33487

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tailwind Two Acquisition Corp.
- **DATE OF NAME CHANGE:** 20201208

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Beach Point Capital Management LP<br><sub>(Last) (First) (Middle)</sub><br>1620 26TH STREET<br>SUITE 6000N<br><sub>(Street)</sub><br>SANTA MONICA, CA 90404<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Terran Orbital Corp [ LLAP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Beach Point GP LLC<br><sub>(Last) (First) (Middle)</sub><br>1620 26TH STREET<br>SUITE 6000N<br><sub>(Street)</sub><br>SANTA MONICA, CA 90404<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Terran Orbital Corp [ LLAP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Beach Point Advisors LLC<br><sub>(Last) (First) (Middle)</sub><br>1620 26TH STREET<br>SUITE 6000N<br><sub>(Street)</sub><br>SANTA MONICA, CA 90404<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Terran Orbital Corp [ LLAP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Klein Scott Martin<br><sub>(Last) (First) (Middle)</sub><br>1620 26TH STREET<br>SUITE 6000N<br><sub>(Street)</sub><br>SANTA MONICA, CA 90404<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Terran Orbital Corp [ LLAP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>GOLDSMITH CARL H<br><sub>(Last) (First) (Middle)</sub><br>1620 26TH STREET<br>SUITE 6000N<br><sub>(Street)</sub><br>SANTA MONICA, CA 90404<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Terran Orbital Corp [ LLAP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Beach Point SCF IV LLC<br><sub>(Last) (First) (Middle)</sub><br>1620 26TH STREET<br>SUITE 6000N<br><sub>(Street)</sub><br>SANTA MONICA, CA 90404<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Terran Orbital Corp [ LLAP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Beach Point TX SCF LP<br><sub>(Last) (First) (Middle)</sub><br>1620 26TH STREET<br>SUITE 6000N<br><sub>(Street)</sub><br>SANTA MONICA, CA 90404<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Terran Orbital Corp [ LLAP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Beach Point SCF Multi-Port LP<br><sub>(Last) (First) (Middle)</sub><br>1620 26TH STREET<br>SUITE 6000N<br><sub>(Street)</sub><br>SANTA MONICA, CA 90404<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Terran Orbital Corp [ LLAP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-02-02 |  | S |  | 4756 | D | $2.02 | 941639 | I | By: Beach Point SCF IV LLC |
| Common Stock | 2023-02-02 |  | S |  | 6427 | D | $2.02 | 1272485 | I | By: Beach Point TX SCF LP |
| Common Stock | 2023-02-02 |  | S |  | 9640 | D | $2.02 | 1908728 | I | By: Beach Point SCF Multi-Port LP |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

**Remarks:**
Form 2 of 2
(1) The reported securities are owned by Beach Point SCF XI LP (SCF XI), Beach Point SCF IV LLC (SCF IV), Beach Point SCF Multi-Port LP (SCF Multi), BPC Opportunities Fund III LP (Opportunities), Beach Point Select Fund LP (Select), Beach Point Securitized Credit Fund LP (Securitized) and Beach Point TX SCF LP (TX and collectively with SCF XI, SCF IV, SCF Multi, Opportunities, Select and Securitized, the Funds).  The Funds may be deemed a (group) for purposes of Section 13(d) of the Exchange Act. (2) Beach Point Capital Management LP is the investment manager of each of the Funds (Investment Manager) and Beach Point GP LLC (Beach Point GP) is the general partner of the Investment Manager. In such capacities, Investment Manager and Beach Point GP may be deemed to share voting and dispositive power over the reported securities held by the Funds. Investment Manager and Beach Point GP each disclaims beneficial ownership of the reported securities, and this report shall not be deemed an admission that either is the beneficial owner of the reported securities, except to the extent of pecuniary interest, if any, therein.  (3) Beach Point Advisors LLC, a Delaware limited liability company (Fund GP), is the General Partner or Managing Member of each of the Funds and Scott Klein and Carl Goldsmith are the members of the Fund GP and may be deemed to beneficially own the securities held by the Funds. Notwithstanding the foregoing, the Fund GP, Mr. Klein and Mr. Goldsmith each disclaims beneficial ownership of the reported securities and this report shall not be deemed an admission that any of the foregoing is the beneficial owner of the reported securities except to the extent of its or his respective pecuniary interest, if any, therein.

**Signature:** Beach Point Capital Management LP 	/s/Lawrence M. Goldman                                            		 	By: Lawrence M. Goldman 	Chief Administrative Officer and General Counsel  
**Date:** 2023-02-02

**Signature:** Beach Point GP LLC 	/s/Lawrence M. Goldman                                            		 	By: Lawrence M. Goldman 	Authorized Signatory  
**Date:** 2023-02-02

**Signature:** Beach Point Advisors LLC 	/s/Lawrence M. Goldman                                            		 	By: Lawrence M. Goldman 	Authorized Signatory  
**Date:** 2023-02-02

**Signature:** /s/Scott Klein	                                            		 	By: Scott Klein  
**Date:** 2023-02-02

**Signature:** /s/ Carl Goldsmith	                             		                	By: Carl Goldsmith  
**Date:** 2023-02-02

**Signature:** Beach Point SCF IV LLC By: Beach Point Capital Management LP, its Investment Manager 	/s/Lawrence M. Goldman                                            		 	By: Lawrence M. Goldman 	Chief Administrative Officer and General Counsel  
**Date:** 2023-02-02

**Signature:** Beach Point TX SCF LP By: Beach Point Capital Management LP, its Investment Manager 	/s/Lawrence M. Goldman                                            		 	By: Lawrence M. Goldman 	Chief Administrative Officer and General Counsel  
**Date:** 2023-02-02

**Signature:** Beach Point SCF Multi-Port LP By: Beach Point Capital Management LP, its Investment Manager 	/s/Lawrence M. Goldman                                            		 	By: Lawrence M. Goldman 	Chief Administrative Officer and General Counsel  
**Date:** 2023-02-02

### Remarks:

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.**