John McClain Holmes III - Jul 12, 2021 Form 4 Insider Report for AAR CORP (AIR)

Role: President & CEO, Director
Signature: /s/ Kai England, Power of Attorney
Stock symbol: AIR
Transactions as of: Jul 12, 2021
Transactions value $: $903,873
Form type: 4
Date filed: 7/14/2021, 02:45 PM
Next filing: Aug 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIR	Common Stock	Award	$0	+8.48K	+8.21%	$0.00	112K	Jul 12, 2021	Direct	F1
transaction	AIR	Common Stock	Award	$0	+17K	+15.17%	$0.00	129K	Jul 12, 2021	Direct	F2
transaction	AIR	Common Stock	Disposed to Issuer	$0	-10.8K	-8.36%	$0.00	118K	Jul 12, 2021	Direct	F3

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	AIR	Stock Option	Award	$904K	+24K		$37.74	24K	Jul 12, 2021	Common Stock	24K	$37.74	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Award of stock pursuant to a Restricted Stock Agreement in a transaction exempt under Rule 16b-3.
F2	Award of stock pursuant to a Performance Restricted Stock Agreement in a transaction exempt under Rule 16b-3.
F3	This is a cancellation of some of the FY2019 performance restricted shares, issued in a transaction exempt under Rule 16b-3, due to the Company not meeting the performance criteria to which this award was subject.
F4	The awarded stock option vests and becomes exercisable in 1/3 annual installments beginning on July 31, 2022 and shall vest as follows: 33 and 1/3% on each of July 31, 2022, July 31, 2023 and July 31, 2024.