AIR LEASE CORP — Director's Dealing 2014

Jul 2, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR LEASE CORP (AL)
CIK: 0001487712
Period of Report: 2014-06-30

Reporting Person: Baer Marc H (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-30	Air Lease Corporation- Class A Common Stock	A	36250	—	Acquired	159849	Direct
2014-06-30	Air Lease Corporation - Class A Common Stock	F	17600	$38.580	Disposed	142249	Direct
2014-07-01	Air Lease Corporation - Class A Common Stock	S	2000	$38.5538	Disposed	140249	Direct

Footnotes

F1: Shares issued upon the vesting of performance-based restricted stock units granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 15, 2014.

F3: 38.5538 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $38.46 to $38.72. 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 3 to this Form 4.