FTAI Aviation Ltd. — Director's Dealing 2024

Aug 14, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FTAI Aviation Ltd. (FTAI)
CIK: 0001590364
Period of Report: 2024-08-13

Reporting Person: Adams Joseph P. Jr. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-08-13	Ordinary Shares	M	35593	$24.994	Acquired	232975	Direct
2024-08-13	Ordinary Shares	M	120000	$21.514	Acquired	352975	Direct
2024-08-13	Ordinary Shares	M	12838	$21.514	Acquired	365813	Direct
2024-08-13	Ordinary Shares	F	36122	$103.75	Disposed	329691	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-08-13	Stock Option (right to buy)	$24.994	M	35593	Disposed	2031-03-25	Ordinary Shares (35593)	Direct
2024-08-13	Stock Option (right to buy)	$21.514	M	120000	Disposed	2031-09-14	Ordinary Shares (120000)	Direct
2024-08-13	Stock Option (right to buy)	$21.514	M	12838	Disposed	2031-10-12	Ordinary Shares (12838)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary Shares	187616	Indirect

Footnotes

F1: No shares were sold. Reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options.

F2: Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's former manager (or an affiliate of the Company's former manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the former manager being cancelled. Upon the grant of options to the former manager (or an affiliate), such options were fully vested and became exercisable over a 30-month period (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted.

F3: When tandem awards were granted with respect to former manager options, the former manager options became exercisable in monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of tandem awards to the total number of related options (including options underlying such tandem awards) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in monthly installments on the first of each month over the remainder of the Total Exercisability Period and became exercisable only at the end of the Total Exercisability Period.

F4: Represents the expiration date of the related former manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option.