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

Role
Division President, MRO Services
Signature
/s/ Martin Garmendia, Attorney-in-fact For Basil Barimo
Stock symbol
ASLE
Transactions as of
Oct 22, 2021
Transactions value $
-$153,954
Form type
4
Date filed
10/26/2021, 06:52 PM
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 +17.3K +38.28% 62.4K Oct 22, 2021 Direct F1, F2
transaction ASLE Common Stock Tax liability -$154K -8.18K -13.11% $18.83 54.2K Oct 22, 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 -17.3K -100% $0.00* 0 Oct 22, 2021 Common Stock 17.3K 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