SEC Form 4 · accession 0001179110-18-003783

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

Mar 5, 2018

Accepted (ET)

Mar 7, 2018 · 5:03 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^F1	Mar 5, 2018	M	9,150	$20.00	A	926,962	D
Air Lease Corporation - Class A Common Stock	Mar 5, 2018	S	9,150	$43.25	D	917,812	D
Air Lease Corporation - Class A Common Stock^F1	Mar 6, 2018	M	56,286	$20.00	A	974,098	D
Air Lease Corporation - Class A Common Stock^F2	Mar 6, 2018	S	56,286	$43.32	D	917,812	D
Air Lease Corporation - Class A Common Stock^F3	holding	—	—		—	28,100	I	See footnote
Air Lease Corporation - Class A Common Stock^F4	holding	—	—		—	10,800	I	See footnote
Air Lease Corporation - Class A Common Stock^F4	holding	—	—		—	13,400	I	See footnote
Air Lease Corporation - Class A Common Stock^F5	holding	—	—		—	10,900	I	See footnote
Air Lease Corporation- Class A Common Stock^F5	holding	—	—		—	18,400	I	See footnote
Air Lease Corporation - Class A Common Stock^F6	holding	—	—		—	400	I	See footnote
Air Lease Corporation - Class A Common Stock^F6	holding	—	—		—	200	I	See footnote
Air Lease Corporation - Class A Common Stock^F7	holding	—	—		—	328,889	I	See footnote
Air Lease Corporation - Class A Common Stock^F8	holding	—	—		—	101,667	I	See footnote
Air Lease Corporation - Class A Common Stock^F9	holding	—	—		—	35,925	I	See footnote
Air Lease Corporation - Class A Common Stock^F10	holding	—	—		—	2,700,000	I	See footnote
Air Lease Corporation - Class A Common Stock^F11	holding	—	—		—	1,199,558	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)^F12	$20.00	Mar 5, 2018	M	9,150	D	Jun 4, 2011	Jun 4, 2020	Class A Common Stock	9,150	1,725,850	D
Employee Stock Option (Right to Buy)^F12	$20.00	Mar 6, 2018	M	56,286	D	Jun 4, 2011	Jun 4, 2020	Class A Common Stock	56,286	1,669,564	D

Explanation of responses

F1Represents the shares of the Issuer's Class A Common Stock issued to the reporting person upon the exercise of stock options granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan.
F10These shares are held by the Hazy Family Community Trust 5/28/85, of which the reporting person is the trustee.
F11These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.
F12Employee 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.
F2$43.32 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $43.50 to $43.25. 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 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 the reporting person as custodian for one of the reporting person's grandchildren 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.
F7These shares are held by Air Intercontinental, Inc., of which the reporting person is the sole stockholder and one of three directors.
F8These 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.
F9These 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.