AIR LEASE CORP — Director's Dealing 2012

Jul 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR LEASE CORP (AL)
CIK: 0001487712
Period of Report: 2012-06-30

Reporting Person: Levy Grant A (EVP, GENL. COUNSEL & SECRETARY)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-30	Class A Common Stock	A	37500	—	Acquired	140200	Direct
2012-06-30	Class A Common Stock	F	15402	$19.41	Disposed	124798	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	500	Indirect
Class A Common Stock	500	Indirect
Class A Common Stock	500	Indirect

Footnotes

F1: Represents the shares of the Issuer's Class A Common Stock issued to the reporting person upon the vesting of 37,500 performance-based restricted stock units (RSUs) granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan.

F2: Represents shares of the Issuer's Class A Common Stock withheld to satisfy tax withholding obligations in connection with the vesting of the RSUs reported in the footnote above.

F3: These shares are owned by one of the reporting person's sons. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purposes.