Green Equity Investors CF, L.P. - Sep 10, 2021 Form 4 Insider Report for AerSale Corp (ASLE)

Signature
/s/ Andrew C. Goldberg, attorney-in-fact
Stock symbol
ASLE
Transactions as of
Sep 10, 2021
Transactions value $
$0
Form type
4
Date filed
9/14/2021, 09:30 PM
Next filing
Oct 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASLE Common Stock Other $7.21M +575K +2.97% $12.55 19.9M Sep 10, 2021 Direct F1, F2, F3, F4, F5, F6
transaction ASLE Common Stock Other -$7.21M -575K -7.48% $12.55 7.11M Sep 10, 2021 Direct F1, F4, F5, F6, F7, F8
holding ASLE Common Stock 3.93K Sep 10, 2021 Direct F4, F5, F6, F9

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 Other +20.6K +2.97% 713K Sep 10, 2021 Common Stock 713K Direct F1, F4, F5, F6, F10, F11
transaction ASLE Contingent Earnout Shares Other -20.6K -7.48% 254K Sep 10, 2021 Common Stock 254K Direct F1, F4, F5, F6, F10, F12, F13
holding ASLE Contingent Earnout Shares 141 Sep 10, 2021 Common Stock 141 Direct F4, F5, F6, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is being filed as a result of a rebalancing transaction in which Green Equity Investors Side CF, L.P. ("Side CF") transferred (i) 574,528 shares of Common Stock of the Issuer to Green Equity Investors CF, L.P. ("Main CF") and (ii) 20,565 Contingent Earnout Shares (as described below), in order to correct a scrivener's error in the recorded holdings of each of Main CF and Side CF (the "Transaction"). There was no change in the aggregate number of shares of Common Stock or Contingent Earnout Shares beneficially owned by the Reporting Persons as a result of such transaction. The price for the Common Stock reflected in this Form 4 is the closing price on April 16, 2021, the record date of the holdings as to which the scrivener's error related.
F2 Represents shares of Common Stock transferred to Main CF by Side CF as part of the Transaction.
F3 Represents shares owned by Main CF.
F4 GEI Capital CF, LLC ("Capital") is the general partner of Main CF and Side CF. Leonard Green & Partners, L.P. ("LGP") is the management company of Main CF and Side CF, and an affiliate of Capital. LGP Management, Inc. ("LGPM") is the general partner of LGP. Peridot Coinvest Manager LLC ("Peridot") is the management company of LGP Associates CF, LLC ("Associates CF").
F5 Each of Main CF, Side CF, Associates CF, Capital, LGP, LGPM, and Peridot directly (whether through ownership or position), or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of some or all of the shares of Common Stock held by Main CF, Side CF, and Associates CF (together, the "Investors") and, therefore, a "ten percent holder" hereunder.
F6 Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein and not held for record by such Reporting Person, except to the extent of its pecuniary interest therein. This report shall not otherwise be deemed an admission that the Reporting Persons are the beneficial owners of such securities not held of record by the respective Reporting Person, for purposes of Section 16 or for any other purpose.
F7 Represents shares of Common Stock transferred by Side CF to Main CF as part of the Transaction.
F8 Represents shares of Common Stock owned by Side CF.
F9 Represents shares of Common Stock owned by Associates CF.
F10 Represents shares of Common Stock that may be issued to Main CF 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 "Merger Agreement").
F11 Represents Contingent Earnout Shares transferred to Main CF by Side CF as part of the Transaction.
F12 Represents shares of Common Stock that may be issued to Side CF 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 Merger Agreement.
F13 Represents Contingent Earnout Shares transferred by Side CF to Main CF as part of the Transaction.
F14 Represents shares of Common Stock that may be issued to Associates CF 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 Merger Agreement.

Remarks:

Messrs. Jonathan Seiffer and Michael Kirton are members of the board of directors of the Issuer, and each is a partner of LGP, which is an affiliate of the other reporting persons (the "LGP Entities"). Accordingly, Messrs. Seiffer and Kirton may be determined to represent the interests of the LGP Entities on the board of directors of the Issuer, and accordingly, the LGP Entities may be deemed to be a director for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.