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: STORCH DAVID P (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-07	Common Stock	M	116668	$22.41	Acquired	1097744	Direct
2011-07-07	Common Stock	F	99217	$30.10	Disposed	998527	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-07	Stock Option	$22.41	M	116668	Disposed	2011-07-10	Common Stock (116668)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50000	Indirect
Common Stock	18810	Indirect
Common Stock	6876	Indirect