Warren G. Lichtenstein - Mar 3, 2022 Form 4 Insider Report for AEROJET ROCKETDYNE HOLDINGS, INC. (AJRD)

Role: Executive Chariman, Director
Signature: By: /s/ Mario Marcon, Attorney-in-Fact for Warren G. Lichtenstein
Stock symbol: AJRD
Transactions as of: Mar 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/4/2022, 03:05 PM
Previous filing: Jan 4, 2022
Next filing: Apr 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AJRD	Common Stock, Par Value $0.10	Options Exercise		+5.8K	+1.11%		527K	Mar 3, 2022	By Rabbi Trust	F1
holding	AJRD	Common Stock, Par Value $0.10						208K	Mar 3, 2022	Direct
holding	AJRD	Common Stock, Par Value $0.10						60.5K	Mar 3, 2022	By Steel Partners, Ltd.	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AJRD	Restricted Stock Unit	Options Exercise	$0	-5.8K	-50%	$0.00	5.8K	Mar 3, 2022	Common Stock, Par Value $0.10	5.8K		By Rabbi Trust	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F2	Mr. Lichtenstein, as the Chief Executive Officer and a control person of Steel Partners, Ltd. ("SPL"), may be deemed to beneficially own the shares of common stock owned directly by SPL. Mr. Lichtenstein disclaims beneficial ownership of the shares of common stock of the Company owned directly by SPL except to the extent of his pecuniary interest therein.
F3	On March 3, 2020, Mr. Lichtenstein was granted 17,409 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.