AAR CORP — Director's Dealing 2012

Mar 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AAR CORP (AIR)
CIK: 0000001750
Period of Report: 2012-03-01

Reporting Person: FOGLEMAN RONALD R (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-01	Phantom Stock	$22.33	A	560	Acquired	2015-09-30	Common Stock (560)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14044.7394	Direct

Footnotes

F1: Phantom stock units are payable in stock on a 1-for-1 basis or cash at the grantee's election upon retirement/termination as a director.

F2: Includes 11.2083 shares acquired on 8/2/11, 15.87 shares acquired on 11/4/11 and 43.3858 shares acquired on 2/13/12 under the AAR CORP. dividend reinvestment plan.