AIR LEASE CORP — Director's Dealing 2021

Feb 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR LEASE CORP (AL)
CIK: 0001487712
Period of Report: 2021-02-19

Reporting Person: UDVAR-HAZY STEVEN F (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-19	Air Lease Corporation - Class A Common Stock	A	19209	—	Acquired	1332218	Direct
2021-02-20	Air Lease Corporation - Class A Common Stock	F	47251	$44.98	Disposed	1284967	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Air Lease Corporation - Class A Common Stock	30107	Indirect
Air Lease Corporation - Class A Common Stock	11750	Indirect
Air Lease Corporation - Class A Common Stock	14700	Indirect
Air Lease Corporation - Class A Common Stock	12200	Indirect
Air Lease Corporation - Class A Common Stock	19700	Indirect
Air Lease Corporation - Class A Common Stock	1700	Indirect
Air Lease Corporation - Class A Common Stock	1500	Indirect
Air Lease Corporation - Class A Common Stock	700	Indirect
Air Lease Corporation - Class A Common Stock	36000	Indirect
Air Lease Corporation - Class A Common Stock	329134	Indirect
Air Lease Corporation - Class A Common Stock	102000	Indirect
Air Lease Corporation - Class A Common Stock	2705000	Indirect
Air Lease Corporation - Class A Common Stock	1199558	Indirect

Footnotes

F1: This bonus award granted in the form of restricted stock units under the Air Lease Corporation 2014 Equity Incentive Plan, will cliff (100%) vest on February 19, 2023.

F2: These shares are owned by the reporting person's wife. 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 purpose.

F3: These shares are owned by one of the reporting person's daughters. 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 purpose.

F4: 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 an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

F5: These shares are held by the reporting person as custodian for one of the reporting person's grandchildren under the California Uniform Transfers to Minors Act. 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 an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

F6: These shares are held by Emerald Financial LLC. A separate trust for each of the reporting person's four children owns 25% of the membership interests of Emerald LLC. 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 purpose.

F7: These shares are held by Air Intercontinental, Inc., of which the reporting person is the sole stockholder.

F8: These shares are held by Ocean Equities, Inc. which is 100% owned by the Hazy Family Community Property Trust 5/28/85 of which the reporting person is the trustee and beneficial owner.

F9: These shares are held by the Hazy Family Community Property Trust 5/28/85, of which the reporting person is the trustee and beneficial owner.

F10: These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.