AIR LEASE CORP — Director's Dealing 2014

Mar 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR LEASE CORP (AL)
CIK: 0001487712
Period of Report: 2014-03-11

Reporting Person: Poerschke John D (SVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-11	Air Lease Corporation - Class A Common Stock	M	1000	$20	Acquired	37046	Direct
2014-03-12	Air Lease Corporation - Class A Common Stock	S	5020	$36.6745	Disposed	32026	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-11	Employee Stock Option (Right to Buy)	$20	M	1000	Acquired	2020-07-14	Class A Common Stock (1000)	Direct

Footnotes

F1: Represents the shares of the Issuer's Class A Common Stock issued to the reporting person upon the exercise of 1,000 incentive stock options granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan.

F2: $36.6745 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $36.57 to $36.82. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.

F3: Employee stock options granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan, which vested in three equal annual installments beginning on June 30, 2011.