4//SEC Filing
Applbaum Lee D. 4
Accession 0001104659-21-092707
CIK 0001819516other
Filed
Jul 14, 8:00 PM ET
Accepted
Jul 15, 5:53 PM ET
Size
8.6 KB
Accession
0001104659-21-092707
Insider Transaction Report
Form 4
Applbaum Lee D.
Chief Marketing Officer
Transactions
- Award
Stock Option (right to buy)
2021-07-13+34,529→ 34,529 totalExercise: $7.56→ Class A Common Stock, par value $0.0001 per share (34,529 underlying) - Award
Stock Option (right to buy)
2021-07-13+1,150,981→ 1,150,981 totalExercise: $7.56→ Class A Common Stock, par value $0.0001 per share (1,150,981 underlying)
Footnotes (3)
- [F1]Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.
- [F2]50% of the shares subject to the stock option vested and became exercisable as of July 13, 2021, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire on October 13, 2030.
- [F3]25% of the shares subject to the stock option vested and became exercisable as of July 13, 2021, and the remaining 75% will vest in equal installments on July 15, 2021, July 15, 2022 and July 15, 2023. The stock option will expire on November 2, 2030.
Documents
Issuer
Wheels Up Experience Inc.
CIK 0001819516
Entity typeother
Related Parties
1- filerCIK 0001446638
Filing Metadata
- Form type
- 4
- Filed
- Jul 14, 8:00 PM ET
- Accepted
- Jul 15, 5:53 PM ET
- Size
- 8.6 KB