AAR CORP — Director's Dealing 2011

Jul 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AAR CORP (AIR)
CIK: 0000001750
Period of Report: 2011-07-07

Reporting Person: ROMENESKO TIMOTHY J (Director, President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-07	Common Stock	M	9341	$25.52	Acquired	219126.2605	Direct
2011-07-07	Common Stock	F	8368	$30.10	Disposed	210758.2605	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-07	Stock Option	$25.52	M	9341	Disposed	2011-07-10	Common Stock (9341)	Direct

Footnotes

F1: Includes .001147 shares acquired on May 2, 2011 under the AAR CORP. dividend reinvestment plan.