Aspirational Consumer Lifestyle Sponsor LLC 4
4 · Wheels Up Experience Inc. · Filed Jul 15, 2021
Insider Transaction Report
Form 4
Aspirational Consumer Lifestyle Sponsor LLC
Director10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2021-07-13+5,918,658→ 5,918,658 total - Other
Class A Common Stock
2021-07-13−5,918,658→ 0 total - Exercise/Conversion
Class B ordinary share
2021-07-13−5,918,658→ 0 total→ Class A Common Stock (5,918,658 underlying)
Footnotes (2)
- [F1]On July 13, 2021, Aspirational Consumer Lifestyle Corp. ("ASPL" and the former name of the Issuer) consummated its initial business combination (the "Business Combination") with Wheels Up Partners Holdings LLC. In connection with the consummation of the Business Combination, each share of Class B ordinary share, par value $0.0001 per share, of ASPL automatically converted into one share of the Issuer's Class A common stock, par value $0.0001 per share.
- [F2]Following the consummation of the Business Combination, Aspirational Consumer Lifestyle Sponsor LLC (the "Sponsor") distributed its shares of the Issuer's Class A common stock received in connection with the Business Combination to its members on a pro rata basis, including 1,764,004 shares distributed to Mr. Ravi Thakran.