AIR LEASE CORP — Director's Dealing 2015

Jan 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR LEASE CORP (AL)
CIK: 0001487712
Period of Report: 2015-01-02

Reporting Person: Levy Grant A (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-02	Air Leaee Corporation- Class A Common Stock	S	1500	$34.5572	Disposed	143971	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Air Lease Corporation -Class A Common Stock	500	Indirect
Air Lease Corporation - Class A Common Stock	500	Indirect
Air Lease Corporation - Class A Common Stock	500	Indirect

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2014.

F2: $34.5572 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $34.3703 to $34.59. 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: 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.