AIR LEASE CORP — Director's Dealing 2016

Feb 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR LEASE CORP (AL)
CIK: 0001487712
Period of Report: 2016-02-24

Reporting Person: Levy Grant A (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-24	Air Lease Corporation - Class A Common Stock	A	5663	—	Acquired	152567	Direct
2016-02-25	Air Lease Corporation- Class A Common Stock	A	27097	—	Acquired	179664	Direct
2016-02-25	Air Lease Corporation - Class A Common Stock	F	13156	$29.56	Disposed	166508	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: Shares issued upon the vesting of performance-based restricted stock units granted in February 2013 and February 2014 under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan and in February 2015 under the Air Lease Corporation 2014 Equity Incentive Plan.

F2: 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.