AIR LEASE CORP — Director's Dealing 2022

Feb 22, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR LEASE CORP (AL)
CIK: 0001487712
Period of Report: 2022-02-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-17	Air Lease Corporation - Class A Common Stock	A	36570	—	Acquired	1236236	Direct
2022-02-17	Air Lease Corporation - Class A Common Stock	F	16973	$42.74	Disposed	1219263	Direct
2022-02-20	Air Lease Corporation - Class A Common Stock	F	3024	$45	Disposed	1216239	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Air Lease Corporation - Class A Common Stock	35445	Indirect
Air Lease Corporation - Class A Common Stock	16250	Indirect
Air Lease Corporation - Class A Common Stock	19200	Indirect
Air Lease Corporation - Class A Common Stock	16700	Indirect
Air Lease Corporation - Class A Common Stock	24200	Indirect
Air Lease Corporation - Class A Common Stock	3200	Indirect
Air Lease Corporation - Class A Common Stock	3000	Indirect
Air Lease Corporation - Class A Common Stock	2200	Indirect
Air Lease Corporation- Class A Common Stock	1000	Indirect
Air Lease Corporation - Class A Common Stock	36000	Indirect
Air Lease Corporation - Class A Common Stock	329350	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	1201558	Indirect

Footnotes

F1: Shares issued upon the vesting of performance-based restricted stock units granted under the Air Lease Corporation 2014 Equity Incentive Plan.

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.