Basil Barimo - 22 Oct 2021 Form 4 Insider Report for AerSale Corp (ASLE)

Role
Division President, MRO Services
Signature
/s/ Martin Garmendia, Attorney-in-fact For Basil Barimo
Issuer symbol
ASLE
Transactions as of
22 Oct 2021
Net transactions value
-$153,954
Form type
4
Filing time
26 Oct 2021, 18:52:34 UTC
Next filing
04 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASLE Common Stock Conversion of derivative security +17,267 +38% 62,373 22 Oct 2021 Direct F1, F2
transaction ASLE Common Stock Tax liability $153,954 -8,176 -13% $18.83 54,197 22 Oct 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASLE Contingent Earnout Shares Conversion of derivative security $0 -17,267 -100% $0.000000* 0 22 Oct 2021 Common Stock 17,267 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock that may be issued to the Reporting Person if the closing sale price of Common Stock equals or exceeds $15.00 per share for any period of 20 trading days out of 30 consecutive trading days prior to December 22, 2025, pursuant to an "earn out" provision in the Amended and Restated Merger Agreement, dated as of September 8, 2020 by and among the Issuer, Aersale Aviation, Inc., Monocle, Monocle Merger Sub 1 Inc., Monocle Merger Sub 2 LLC, and Leonard Green & Partners, L.P.
F2 The Reporting Person's right to receive shares pursuant to this earn-out became fixed and irrevocable on December 22, 2020, the effective date of the merger.

Remarks:

Division President, MRO Services