Form Type: 4

SEC EDGAR Link
Accession Number:0001362988-19-000137
Date:2019-12-24
Issuer: AIRCASTLE LTD (AYR)
Original Submission Date:

Reporting Person:

SCHREINER JOSEPH
C/O AIRCASTLE ADVISOR LLC
201 TRESSER BLVD, 4TH FLOOR STAMFORD, CT 06901

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-12-24 A 13,118 a $0.00 50,425 direct
COMMON STOCK 2019-12-24 A 9,580 a $0.00 60,005 direct
COMMON STOCK 2019-12-24 F 9,549 d $31.98 50,456 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 represents accelerated vesting of performance share units ("psus") which were granted under the amended and restated aircastle limited 2014 omnibus incentive plan (the "plan") and converted into common shares on a one-for-one basis effective december 24, 2019.
f2 the reporting person was granted the psus on march 21, 2017.
f3 the reporting person was granted the psus on february 9, 2018.
f4 represents common shares repurchased by the company pursuant to an irrevocable election made by the reporting person under the award agreement, with the proceeds of such repurchase being applied to the reporting person's federal and state tax obligations arising from the accelerated vesting of 22,698 psus granted under the plan.
f5 the number of common shares withheld is based on the closing price on december 23, 2019, the last trading day preceding the date such shares were withheld, as provided in the plan.
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