WILLIS LEASE FINANCE CORP — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WILLIS LEASE FINANCE CORP (wlfc)
CIK: 0001018164
Period of Report: 2011-01-24

Reporting Person: NUNEMAKER DONALD A (EVP, Gen.Manager Leasing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-24	Common Stock	M	2000	$10	Acquired	78783	Direct
2011-01-24	Common Stock	S	2000	$13.5	Disposed	76783	Direct
2011-01-28	Common Stock	M	500	$10	Acquired	77283	Direct
2011-01-28	Common Stock	S	500	$13.5	Disposed	76783	Direct
2011-01-31	Common Stock	P	500	$8.194	Acquired	77283	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-24	Non-qualified Stock Option	$10	M	2000	Disposed	2011-02-27	Common Stock (2000)	Direct
2011-01-28	Non-qualified Stock Option	$10	M	500	Disposed	2011-02-27	Common Stock (500)	Direct

Footnotes

F1: Shares sold pursuant to a 10b5-1 transaction.

F2: Shares acquired pursuant to employee's participation in the Company's ESPP.