Applbaum Lee D. 4

4 · Wheels Up Experience Inc. · Filed Jul 15, 2021

Form 4

Period: 2021-07-13

Chief Marketing Officer

Transactions

Award
Stock Option (right to buy)
2021-07-13+34,529→ 34,529 total
Exercise: $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 total
Exercise: $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

1 file