AAR CORP — Director's Dealing 2014

Sep 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AAR CORP (AIR)
CIK: 0000001750
Period of Report: 2014-09-02

Reporting Person: WALFISH MARC JAY (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-02	Phantom Stock	$27.60	A	534	Acquired	2024-09-30	Common Stock (534)	Direct

Footnotes

F1: Includes 81 phantom shares acquired on 5/13/14 as dividend reinvestment on deferred compensation exempt under Rule 16a-11, pursuant to the dividend reinvestment feature of the Non-Employee Deferred Compensation Plan.

F2: 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.