SEC Form 4 · accession 0001179110-17-004827
AIR LEASE CORP · AL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jie Chen
Officer — EVP & Managing Director, Asia
Period of report
Mar 16, 2017
Accepted (ET)
Mar 17, 2017 · 4:37 pm EDT
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 StockF1 | Mar 16, 2017 | M | 30,000 | $28.80 | A | 280,341 | D | |
| Air Lease Corporation - Class A Common StockF2 | Mar 16, 2017 | S | 30,000 | $39.1355 | D | 250,341 | D | |
| Air Lease Corporation - Class A Common StockF3 | holding | — | — | — | 400 | 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)F4,F1 | $28.80 | Mar 16, 2017 | M | 30,000 | D | Jun 30, 2012 | Apr 25, 2021 | Class A Common Stock | 30,000 | 120,000 | D |
Explanation of responses
- F1Represents the shares of the Issuer's Class A Common Stock issued to the reporting person upon the exercise of 30,000 stock options granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan.
- F2$39.1355 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $38.92 to $39.30. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.
- F3Shares held for the reporting person's son under the Uniform Gifts to Minor Act. The reporting person 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 that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F4Employee stock options granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan which vested 33 1/3/% on June 30, 2012 and 66 2/3 % on June 30, 2013.