AAR CORP — Director's Dealing 2015

Apr 15, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AAR CORP (AIR)
CIK: 0000001750
Period of Report: 2015-04-13

Reporting Person: STORCH DAVID P (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-13	Common Stock	M	81698	$15.10	Acquired	906815	Direct
2015-04-13	Common Stock	S	81698	$30.4938	Disposed	825117	Direct
2015-04-14	Common Stock	M	84163	$17.27	Acquired	990978	Direct
2015-04-14	Common Stock	M	57600	$12.90	Acquired	1048578	Direct
2015-04-14	Common Stock	M	118302	$15.10	Acquired	1166880	Direct
2015-04-14	Common Stock	F	191493	$30.45	Disposed	975387	Direct
2015-04-14	Common Stock	G	3250	—	Disposed	972137	Direct
2015-04-15	Common Stock	S	37306	$30.1338	Disposed	934831	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-13	Stock Option	$15.10	M	81698	Disposed	2019-07-13	Common Stock (81698)	Direct
2015-04-14	Stock Option	$17.27	M	84163	Disposed	2020-07-11	Common Stock (84163)	Direct
2015-04-14	Stock Option	$12.90	M	57600	Disposed	2022-07-16	Common Stock (57600)	Direct
2015-04-14	Stock Option	$15.10	M	118302	Disposed	2019-07-13	Common Stock (118302)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50000	Indirect
Common Stock	76738	Indirect
Common Stock	2025	Indirect
Common Stock	100973	Indirect
Common Stock	18810	Indirect
Common Stock	250000	Indirect

Footnotes

F1: Mr. Storch is Trustee and beneficiary of this Trust.