AAR CORP — Director's Dealing 2011

Mar 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AAR CORP (AIR)
CIK: 0000001750
Period of Report: 2011-03-21

Reporting Person: GOODWIN JAMES E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-21	Common Stock	M	10000	$13.48	Acquired	30000	Direct
2011-03-21	Common Stock	S	10000	$27.1888	Disposed	20000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-21	Stock Option	$13.48	M	10000	Disposed	2012-04-16	Common Stock (10000)	Direct