AIR LEASE CORP — Director's Dealing 2017

Dec 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR LEASE CORP (AL)
CIK: 0001487712
Period of Report: 2017-12-13

Reporting Person: Chen Jie (EVP & Managing Director, Asia)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-13	Air Lease Corporation- Class A Common Stock	S	2000	$45	Disposed	215338.659	Direct
2017-12-13	Air Lease Corporation - Class A Common Stock	M	50000	$28.80	Acquired	265338.659	Direct
2017-12-13	Air Lease Corporation - Class A Common Stock	S	50000	$45.0045	Disposed	215338.659	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-13	Employee Stock Option (Right to Buy)	$28.80	M	50000	Disposed	2021-04-25	Air Lease Corporation - Class A Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Air Lease Corporation - Class A Common Stock	400	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 8, 2017.

F2: Includes shares acquired through the reinvestment of dividends.

F3: $45.0045 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.03. 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.

F4: Shares held for the reporting person's son under the Uniform Gifts to Minor Act. The reporting person 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 an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

F5: Employee stock options granted under the Amended and Restated Air Lease Corporation 2010 Equity Incentive Plan which vested 33 1/3/% on June 30, 2012 and 66 2/3 % on June 30, 2013.