David P. Storch - 24 Mar 2022 Form 4 Insider Report for AAR CORP (AIR)

Role
Director
Signature
/s/ Katherine Kwiat, power of attorney
Issuer symbol
AIR
Transactions as of
24 Mar 2022
Net transactions value
-$1,274,387
Form type
4
Filing time
28 Mar 2022, 15:53:19 UTC
Previous filing
10 Mar 2022
Next filing
12 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIR Common Stock Options Exercise $1,140,000 +47,500 +13% $24.00 410,016 24 Mar 2022 Direct F1
transaction AIR Common Stock Sale $2,414,387 -47,500 -12% $50.83 362,516 24 Mar 2022 Direct F1
holding AIR Common Stock 76,738 24 Mar 2022 Barbara R. Eichner 2020 Dynasty Trust F2
holding AIR Common Stock 1,125 24 Mar 2022 By Irving Storch Revocable Trust F3
holding AIR Common Stock 2,025 24 Mar 2022 By Lorraine Revocable Trust F4
holding AIR Common Stock 39,577 24 Mar 2022 By Power Of Attorney F5
holding AIR Common Stock 18,810 24 Mar 2022 By Wife F6
holding AIR Common Stock 83,000 24 Mar 2022 David P. Storch 2020 Perpetual Trust F7
holding AIR Common Stock 419,741 24 Mar 2022 Storch Family 2012 Dynasty Trust F8

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 Options Exercise $0 -47,500 -50% $0.000000 47,409 24 Mar 2022 Common Stock 47,500 $24.00 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All direct shares of the report person are held by the David P. Storch 1997 Declaration Trust.
F2 The reporting person is a Co-Trustee of this Trust and the reporting person's wife is one of the beneficiaries of this Trust.
F3 Mr. Storch became a co-trustee under this Trust upon his father's death on 12/24/2011.
F4 Mr. Storch became a co-trustee under this Trust when it was amended on 1/6/12.
F5 I disclaim beneficial ownership in these shares.
F6 All indirect shares owned By Wife are held by the Leslie J. Storch 1998 Declaration Trust.
F7 Reporting person is the Settlor of the Trust, reporting person's wife is the Trustee of the Trust and the Beneficiaries are the wife and descendants.
F8 Mr. Storch is Trustee and beneficiary of this Trust.
F9 The option vests in 1/3 annual installments beginning on July 11, 2017.