John McClain Holmes III - Jan 18, 2023 Form 4 Insider Report for AAR CORP (AIR)

Role
Chairman, President & CEO, Director
Signature
/s/ Katherine Kwiat, power of attorney
Stock symbol
AIR
Transactions as of
Jan 18, 2023
Transactions value $
-$1,043,972
Form type
4
Date filed
1/20/2023, 04:09 PM
Previous filing
Jan 5, 2023
Next filing
Mar 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIR Common Stock Options Exercise $393K +20.8K +7.73% $18.94 289K Jan 18, 2023 Direct
transaction AIR Common Stock Sale -$1.02M -20.8K -7.18% $49.27 269K Jan 18, 2023 Direct F1
transaction AIR Common Stock Options Exercise $270K +14.2K +5.3% $18.94 283K Jan 20, 2023 Direct
transaction AIR Common Stock Sale -$684K -14.2K -5.03% $48.03 269K Jan 20, 2023 Direct F2

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 -20.8K -8.49% $0.00 224K Jan 18, 2023 Common Stock 20.8K $18.94 Direct F3
transaction AIR Stock Option Options Exercise $0 -14.2K -6.36% $0.00 210K Jan 20, 2023 Common Stock 14.2K $18.94 Direct F4
* 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 $49.2500 to $49.3600 inclusive. The reporting person undertakes to provide AAR CORP., any security holder 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.0000 to $48.1550 inclusive. The reporting person undertakes to provide AAR CORP., any security holder 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.
F3 The reporting person received a grant of stock options for 326,600 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.
F4 The reporting person received a grant of stock options for 326,600 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.