SEC FORM 4

SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Parker Brett I.

(Last)

(First)

(Middle)

C/O BOWLERO CORP.

222 WEST 44TH STREET

(Street)

NEW YORK

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Bowlero Corp. [ [BOWL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	12/15/2021		A		992,844⁽¹⁾	A	⁽²⁾	992,844	D
Class A Common Stock	12/15/2021		A		1,472,387	A	⁽²⁾	2,465,231	D
Class A Common Stock	12/15/2021		F		667,728	D	$10	1,797,503	D
Class A Common Stock	12/15/2021		A		697,702	A	⁽²⁾	2,495,205	D
Class A Common Stock	12/15/2021		F		316,408	D	$10	2,178,797	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$10	12/15/2021		A		183,128		12/15/2021	12/15/2031	Class A Common Stock	183,128	$0.00	183,128	D
Stock Option (Right to Buy)	$10	12/15/2021		A		393,750		⁽³⁾	12/15/2031	Class A Common Stock	393,750	$0.00	393,750	D
Stock Option (Right to Buy)	$12	12/15/2021		A		393,750		⁽⁴⁾	12/15/2031	Class A Common Stock	393,750	$0.00	393,750	D
Stock Option (Right to Buy)	$14	12/15/2021		A		393,750		⁽⁵⁾	12/15/2031	Class A Common Stock	393,750	$0.00	393,750	D
Stock Option (Right to Buy)	$16	12/15/2021		A		393,750		⁽⁶⁾	12/15/2031	Class A Common Stock	393,750	$0.00	393,750	D
Stock Option (Right to Buy)	$18	12/15/2021		A		393,750		⁽⁷⁾	12/15/2031	Class A Common Stock	393,750	$0.00	393,750	D
Stock Option (Right to Buy)	$7.92	12/15/2021		A		4,079,120		12/15/2021	12/15/2031	Class A Common Stock	4,079,120	⁽⁸⁾	4,079,120	D

Explanation of Responses:

1. Repressents restricted shares ("Restricted Shares") of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") received in connection with the Acquisition. 50% of the Restricted Shares will vest if the closing share price of the Class A Common Stock equals or exceeds $15.00 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and 50% of the Restricted Shares will vest if the closing share price of the Class A Common Stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and will otherwise be forfeited on the 5-year anniversary of the closing of the Acquisition.

2. Represents shares of Class A Common Stock of the Issuer received in exchange for shares of capital stock of Bowlero. Corp ("Legacy Bowlero") in connection with the acquisition by the Issuer of Legacy Bowlero (the "Acquisition").

3. The stock options will vest and become exercisable in one-third installments on the first, second and third anniversaries of December 15, 2021.

4. The stock options will vest and become exercisable in one-third installments on the second, third and fourth anniversaries of December 15, 2021.

5. The stock options will vest and become exercisable in one-third installments on the third, fourth and fifth anniversaries of December 15, 2021.

6. The stock options will vest and become exercisable in one-third installments on the fourth, fifth and sixth anniversaries of December 15, 2021.

7. The stock options will vest and become exercisable in one-third installments on the fifth, sixth and seventh anniversaries of December 15, 2021.

8. Represents stock options received in connection with the Acquisition in exchange for stock options of Legacy Bowlero.

Remarks:

	Brett Parker By: , as attorney-in-fact for Brett Parker	12/17/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

SEC Form 4: Parker Brett I. was granted 3,162,933 shares and covered exercise/tax liability with 984,136 shares