Sean M. Gillen - Mar 23, 2023 Form 4 Insider Report for AAR CORP (AIR)

Role: VP-CFO
Signature: /s/ Katherine Kwiat, power of attorney
Stock symbol: AIR
Transactions as of: Mar 23, 2023
Transactions value $: -$98,338
Form type: 4
Date filed: 3/27/2023, 03:14 PM
Previous filing: Aug 2, 2022
Next filing: Jul 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIR	Common Stock	Options Exercise	$226K	+6K	+13.24%	$37.66	51.3K	Mar 23, 2023	Direct
transaction	AIR	Common Stock	Sale	-$324K	-6K	-11.7%	$54.05	45.3K	Mar 23, 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	-6K	-34.51%	$0.00	11.4K	Mar 23, 2023	Common Stock	6K	$37.66	Direct	F2, F3

* 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 $53.49 to $54.81 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 exercise price for these options was listed as $10.30 on the Form 4/A dated July 9, 2019 due to an administrative error. Actual exercise price is $37.66.
F3	The reporting person received a grant of stock options for 17,385 shares of common stock on July 8, 2019. The stock options vest in 33 1/3% increments on each of December 31, 2019, December 31, 2020, and December 31, 2021.