| Accession Number: | 0001104659-22-081182 |
| Date: | 2022-07-18 |
| Issuer: | LIQUIDIA CORP (LQDA) |
| Original Submission Date: |
SAGGAR RAJEEV
419 DAVIS DRIVE, SUITE 100
MORRISVILLE, NC 27560
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | 2022-07-18 | A | 93,834 | a | $0.00 | 93,834 | direct |
| Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) | 3.73 | 2022-07-18 | deemed execution date | A | 200,000 (a) | 2032-07-18 | common stock 200,000 | $3.73 | 200,000 | direct |
| ID | footnote |
|---|---|
| f1 | each restricted stock unit ("rsu") represents a contingent right to receive one share of the issuer's common stock. |
| f2 | 50% of the rsus shall vest on july 18, 2023 and the remaining rsus shall vest ratably on a quarterly basis over two years thereafter, subject to the reporting person's employment with the issuer on each such vesting date; provided, however, that the rsus shall become fully vested in the event that the reporting person's employment is terminated due to his death or disability or is terminated by the company without cause (as such terms are defined in the reporting person's employment agreement). |
| f3 | the option vests over a four-year period with 25% of the shares of common stock underlying the option vesting on the one-year anniversary of the grant date and the remaining 75% of the shares of common stock underlying the option vesting in equal monthly installments thereafter, subject to the reporting person's employment with the issuer on each such vesting date. |
