Nichols Robert B. 4
4 · AerSale Corp · Filed Feb 12, 2021
Insider Transaction Report
Form 4
AerSale CorpASLE
Nichols Robert B.
Director
Transactions
- Conversion
Common Stock
2021-01-27+403,373→ 2,425,513 total(indirect: See footnote) - Award
Contingent Earnout Shares
2020-12-22+403,373→ 403,373 total(indirect: See footnote)→ Common Stock (403,373 underlying) - Award
Contingent Earnout Shares
2020-12-22+403,373→ 403,373 total(indirect: See footnote)→ Common Stock (403,373 underlying) - Conversion
Contingent Earnout Shares
2021-01-27−403,373→ 0 total(indirect: See footnote)→ Common Stock (403,373 underlying)
Footnotes (3)
- [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 $13.50 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., Monocole, Monocle Merger Sub 1 Inc., Monocle Merger Sub 2 LLC, and Leonard Green & Partners, L.P (the "Merger Agreement").
- [F3]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 Merger Agreement.