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

Role
VP-CAO & Controller
Signature
/s/ Kai England, Power of Attorney
Stock symbol
AIR
Transactions as of
Jul 12, 2021
Transactions value $
$183,416
Form type
4
Date filed
7/14/2021, 02:55 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 +1.72K +10.21% $0.00 18.6K Jul 12, 2021 Direct F1
transaction AIR Common Stock Award $0 +3.45K +18.58% $0.00 22K Jul 12, 2021 Direct F2
transaction AIR Common Stock Disposed to Issuer $0 -1.2K -5.43% $0.00 20.8K Jul 12, 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 $183K +4.86K $37.74 4.86K Jul 12, 2021 Common Stock 4.86K $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.