Eric Pachapa - Jan 3, 2023 Form 4 Insider Report for AAR CORP (AIR)

Role: VP-CAO & Controller
Signature: /s/ Katherine Kwiat, power of attorney
Stock symbol: AIR
Transactions as of: Jan 3, 2023
Transactions value $: -$513,128
Form type: 4
Date filed: 1/4/2023, 08:32 AM
Previous filing: Aug 2, 2022
Next filing: Mar 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIR	Common Stock	Options Exercise	$379K	+20K	+72.95%	$18.94	47.4K	Jan 3, 2023	Direct
transaction	AIR	Common Stock	Sale	-$892K	-20K	-42.18%	$44.60	27.4K	Jan 3, 2023	Direct	F1

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	-20K	-46.49%	$0.00	23K	Jan 3, 2023	Common Stock	20K	$18.94	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.5000 to $45.4999 inclusive. The reporting person undertakes to provide AAR CORP., any security of AAR CORP., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	The reporting person received a grant of stock options for 50,200 shares of common stock on July 13, 2020. The stock options vest in 33 1/3% increments on each of July 31, 2021, July 31, 2022 and July 31, 2023.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.5000 to $45.4999 inclusive. The reporting person undertakes to provide AAR CORP., any security of AAR CORP., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

The reporting person received a grant of stock options for 50,200 shares of common stock on July 13, 2020. The stock options vest in 33 1/3% increments on each of July 31, 2021, July 31, 2022 and July 31, 2023.