Robert B. Nichols - Oct 22, 2021 Form 4 Insider Report for AerSale Corp (ASLE)

Role
Vice Chairman, Division President, Asset Management Solutions, Director
Signature
/s/ Martin Garmendia, Attorney-in-fact For Robert B. Nichols
Stock symbol
ASLE
Transactions as of
Oct 22, 2021
Transactions value $
$0
Form type
4
Date filed
10/26/2021, 06:54 PM
Previous filing
Dec 16, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASLE Common Stock Conversion of derivative security +403K +16.63% 2.83M Oct 22, 2021 See Footnote F1, F2

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 -403K -100% $0.00* 0 Oct 22, 2021 Common Stock 403K See Footnote F1, F2
* 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 held by ThoughtValley L.P. ("ThoughtValley"). Mr. Nichols is the sole member and manager of ThoughtValley, LLC, which is the sole general partner of ThoughtValley. Accordingly, all of the shares held by ThoughtValley may be deemed to be beneficially held by Mr. Nichols.
F2 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. 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:

Vice Chairman, Division President, Asset Management Solutions