Sec Form 4 Filing - UDVAR-HAZY STEVEN F @ AIR LEASE CORP - 2018-08-29

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
UDVAR-HAZY STEVEN F
2. Issuer Name and Ticker or Trading Symbol
AIR LEASE CORP [ AL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Chairman
(Last) (First) (Middle)
AIR LEASE CORPORATION,, 2000 AVENUE OF THE STARS, SUITE 1000N
3. Date of Earliest Transaction (MM/DD/YY)
08/29/2018
(Street)
LOS ANGELES, CA90067
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Air Lease Corporation - Class A Common Stock 08/29/2018 M 1,500 ( 1 ) A $ 20 947,982 D
Air Lease Corporation - Class A Common Stock 28,100 I See footnote ( 2 )
Air Lease Corporation - Class A Common Stock 10,800 I See footnote ( 3 )
Air Lease Corporation - Class A Common Stock 13,400 I See footnote ( 3 )
Air Lease Corporation - Class A Common Stock 10,900 I See footnote ( 4 )
Air Lease Corporation- Class A Common Stock 18,400 I See footnote ( 4 )
Air Lease Corporation - Class A Common Stock 400 I See footnote ( 5 )
A ir Lease Corporation - Class A Common Stock 200 I See footnote ( 5 )
Air Lease Corporation - Class A Common Stock 328,889 I See footnote ( 6 )
Air Lease Corporation - Class A Common Stock 101,667 I See footnote ( 7 )
Air Lease Corporation - Class A Common Stock 35,925 I See footnote ( 8 )
Air Lease Corporation - Class A Common Stock 2,700,000 I See footnote ( 9 )
Air Lease Corporation - Class A Common Stock 1,199,558 I See footnote ( 10 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 20 09/29/2018 M 1,500 06/04/2011( 11 ) 06/04/2020 Air Lease Corporation -Class A Common Stock 1,500 $ 0 1,598,637 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
UDVAR-HAZY STEVEN F
AIR LEASE CORPORATION,
2000 AVENUE OF THE STARS, SUITE 1000N
LOS ANGELES, CA90067
X Executive Chairman
Signatures
Carol H. Forsyte, on behalf of Steven F. Udvar-Hazy, Executive Chairman of the Board of Directors (Power of Attorney On File) 08/31/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents 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.
( 2 )These 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.
( 3 )These 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.
( 4 )These 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
( 5 )These 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.
( 6 )These shares are held by Air Intercontinental, Inc., of which the reporting person is the sole stockholder.
( 7 )These shares are held by Ocean Equities, Inc. which is 100% owned by the Hazy Family Community Property Trust 5/28/85 of which the reporting person is the trustee and beneficial owner.
( 8 )These 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.
( 9 )These shares are held by the Hazy Family Community Property Trust 5/28/85, of which the reporting person is the trustee and beneficial owner.
( 10 )These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.
( 11 )Employee 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.

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