Eric Pachapa - 12 Jul 2021 Form 4 Insider Report for AAR CORP (AIR)

Role
VP-CAO & Controller
Signature
/s/ Kai England, Power of Attorney
Issuer symbol
AIR
Transactions as of
12 Jul 2021
Net transactions value
+$183,416
Form type
4
Filing time
14 Jul 2021, 14:55:31 UTC
Next filing
03 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIR Common Stock Award $0 +1,720 +10% $0.000000 18,564 12 Jul 2021 Direct F1
transaction AIR Common Stock Award $0 +3,450 +19% $0.000000 22,014 12 Jul 2021 Direct F2
transaction AIR Common Stock Disposed to Issuer $0 -1,196 -5.4% $0.000000 20,818 12 Jul 2021 Direct F3, F4

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 $183,416 +4,860 $37.74 4,860 12 Jul 2021 Common Stock 4,860 $37.74 Direct F5
* 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 Included in the amount reported are shares under the dividend reinvestment plan (DRIP) on vested time-based restricted stocks exempt under Rule 16a-11. The total DRIP amount reported is 10.320 shares listed as follows: 2.678 on 11/2/2018; 3.563 on 2/8/2019; and 4.079 on 5/16/2019.
F5 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.