John McClain Holmes III - 20 Apr 2022 Form 4 Insider Report for AAR CORP (AIR)

Role: President & CEO, Director
Signature: /s/ Katherine Kwiat, power of attorney
Issuer symbol: AIR
Transactions as of: 20 Apr 2022
Net transactions value: -$806,342
Form type: 4
Filing time: 22 Apr 2022, 15:04:05 UTC
Previous filing: 07 Apr 2022
Next filing: 20 Jul 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	$473,500	+25,000	+10%	$18.94	269,041	20 Apr 2022	Direct
transaction	AIR	Common Stock	Sale	$1,279,842	-25,000	-9.3%	$51.19	244,041	20 Apr 2022	Direct

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	-25,000	-7.7%	$0.000000	301,600	20 Apr 2022	Common Stock	25,000	$18.94	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The awarded stock option vests and becomes exercisable in 1/3 annual installments beginning on July 31, 2021 and shall vest as follows: 33 and 1/3% on each of July 31, 2021, July 31, 2022 and July 31, 2023.