SEC Form 4 · accession 0001179110-18-004062

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 12, 2018

Accepted (ET)

Mar 12, 2018 · 5:19 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 Stock^F1	Mar 12, 2018	M	34,564	$20.00	A	952,376	D
Air Lease Corporation - Class A Common Stock	Mar 12, 2018	S	24,564	$44.25	D	927,812	D
Air Lease Corporation - Class A Common Stock^F2	holding	—	—		—	28,100	I	See footnote
Air Lease Corporation - Class A Common Stock^F3	holding	—	—		—	10,800	I	See footnote
Air Lease Corporation - Class A Common Stock^F3	holding	—	—		—	13,400	I	See footnote
Air Lease Corporation - Class A Common Stock^F4	holding	—	—		—	10,900	I	See footnote
Air Lease Corporation- Class A Common Stock^F4	holding	—	—		—	18,400	I	See footnote
Air Lease Corporation - Class A Common Stock^F5	holding	—	—		—	400	I	See footnote
Air Lease Corporation - Class A Common Stock^F5	holding	—	—		—	200	I	See footnote
Air Lease Corporation - Class A Common Stock^F6	holding	—	—		—	328,889	I	See footnote
Air Lease Corporation - Class A Common Stock^F7	holding	—	—		—	101,667	I	See footnote
Air Lease Corporation - Class A Common Stock^F8	holding	—	—		—	35,925	I	See footnote
Air Lease Corporation - Class A Common Stock^F9	holding	—	—		—	2,700,000	I	See footnote
Air Lease Corporation - Class A Common Stock^F10	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)^F11	$20.00	Mar 12, 2018	M	34,564	D	Jun 4, 2011	Jun 4, 2020	Class A Common Stock	34,564	1,635,000	D

Explanation of responses

F1Represents the shares of the Issuer's Class A Common Stock issued to the reporting person upon the exercise of stock options granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan.
F10These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.
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 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.
F3These 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.
F4These 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
F5These 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.
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.