SEC Form 4 · accession 0001179110-17-014234
AIR LEASE CORP · AL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John L Plueger
Officer — CEO and President · Director
Period of report
Nov 14, 2017
Accepted (ET)
Nov 16, 2017 · 6:14 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 | Nov 14, 2017 | M | 300,000 | $20.00 | A | 1,057,310 | D | |
| Air Lease Corporation -Class A Common StockF1 | Nov 14, 2017 | S | 195,000 | $41.5342 | D | 862,310 | D | |
| Air Lease Corporation - Class A Common StockF2 | Nov 15, 2017 | S | 105,000 | $40.9842 | D | 757,310 | D | |
| Air Lease Corporation - Class A Common StockF3 | holding | — | — | — | 500 | I | See footnote | |
| Air Lease Corporation - Class A Common StockF3 | holding | — | — | — | 500 | 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 | $20.00 | Nov 14, 2017 | M | 300,000 | D | Jun 4, 2011 | Jun 4, 2020 | Class A Common Stock | 300,000 | 385,000 | D |
Explanation of responses
- F1$41.5342 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $41.25 to $42.08. 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 1 to this Form 4.
- F2$40.98424 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $40.345 to $41.20. 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.
- F3These 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 to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purposes.
- F4Employee stock options granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan which vested in three equal annual installments beginning June 4, 2011.