Eric Pachapa - Jul 25, 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
Jul 25, 2023
Transactions value $
-$203,241
Form type
4
Date filed
7/27/2023, 04:36 PM
Previous filing
Jul 26, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIR Common Stock Options Exercise $440K +9.15K +27.77% $48.09 42.1K Jul 25, 2023 Direct
transaction AIR Common Stock Sale -$532K -9.15K -21.73% $58.12 33K Jul 25, 2023 Direct F1
transaction AIR Common Stock Options Exercise $53.9K +2.85K +8.64% $18.94 35.8K Jul 25, 2023 Direct
transaction AIR Common Stock Sale -$165K -2.85K -7.95% $58.12 33K Jul 25, 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 -9.15K -100% $0.00* 0 Jul 25, 2023 Common Stock 9.15K $48.09 Direct F2
transaction AIR Stock Option Options Exercise $0 -2.85K -14.58% $0.00 16.7K Jul 25, 2023 Common Stock 2.85K $18.94 Direct 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 share were sold in multiple transactions at prices ranging from $57.48 to $58.78 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 reporting person received a grant of stock options for 9,150 shares of common stock on July 09, 2018. The stock options vest in 33 1/3% increments on each of July 31, 2019, July 31, 2020, and July 31, 2021.
F3 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.