SEC Form 4 · accession 0001179110-16-031600
AIR LEASE CORP · AL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven F Udvar-Hazy
Officer — Executive Chairman · Director
Period of report
Nov 11, 2016
Accepted (ET)
Nov 15, 2016 · 4:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001487712
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Air Lease Corporation -Class A Common Stock | Aug 12, 2016 | G | 3,000 | $0.00 | D | 847,475 | D | |
| Air Lease Corporation - Class A Common StockF1 | Nov 11, 2016 | M | 1,000 | $20.00 | A | 848,475 | D | |
| Air Lease Corporation - Class A Common StockF3 | Aug 12, 2016 | G | 100 | $0.00 | A | 27,800 | I | See footnote |
| Air Lease Corporation Class A Common StockF4 | Aug 12, 2016 | G | 100 | $0.00 | A | 10,600 | I | See footnote |
| Air Lease Corporation - Class A Common StockF4 | Aug 12, 2016 | G | 100 | $0.00 | A | 13,100 | I | See footnote |
| Air Lease Corporation- Class A Common StockF5 | Aug 12, 2016 | G | 100 | $0.00 | A | 18,100 | I | See footnote |
| Air Lease Corporation -Class A Common StockF5 | Aug 12, 2016 | G | 100 | $0.00 | A | 10,600 | I | See footnote |
| Air Lease Corporation - Class A Common StockF10 | Aug 12, 2016 | G | 100 | $0.00 | A | 100 | I | See footnote |
| Air Lease Corporation - Class A Common StockF2 | holding | — | — | — | 1,209,558 | I | See footnote | |
| Air Lease Corporation - Class A Common StockF6 | holding | — | — | — | 328,889 | I | See footnote | |
| Air Lease Corporation - Class A Common StockF7 | holding | — | — | — | 101,667 | I | See footnote | |
| Air Lease Corporation - Class A Common StockF8 | holding | — | — | — | 35,925 | I | See footnote | |
| Air Lease Corporation - Class A Common StockF9 | holding | — | — | — | 2,700,000 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F11 | $20.00 | Nov 11, 2016 | M | 1,000 | D | Jun 4, 2011 | Jun 4, 2020 | Class A Common Stock | 1,000 | 1,737,500 | D |
Explanation of responses
- F1Represents the shares of the Issuer's Class A Common Stock issued to the reporting person upon the exercise of 1,000 incentive stock options granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan.
- F10These shares are held by the reporting person as custodian for his grandson under the California Uniform Transfers to Minors Act. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
- F11Employee stock options granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan, which vested in three equal annual installments beginning on June 4, 2011.
- F2These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.
- F3These shares are owned by the reporting person's wife. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
- F4These shares are owned by one of the reporting person's daughters. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
- F5These shares are owned by one of the reporting person's sons. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
- F6These shares are held by Air Intercontinental, Inc., of which the reporting person is the sole stockholder and one of three directors.
- F7These shares are held by Ocean Equities, Inc. A trust, of which the reporting person is the trustee, is the sole stockholder of Ocean Equities, Inc. The reporting person is also one of three directors of Ocean Equities, Inc.
- F8These shares are held by Emerald Financial LLC. A trust, of which the reporting person is the trustee, controls a majority of the membership interests of Emerald Financial LLC. Additionally, the reporting person is one of three managers of Emerald Financial LLC.
- F9These shares are held by the Hazy Family Community Trust 5/28/85, of which the reporting person is the trustee