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Form 4 AIR LEASE CORP For: Nov 08 Filed by: Milton Robert A

November 9, 2016 4:34 PM EST
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Milton Robert A

(Last) (First) (Middle)
C/O AIR LEASE CORPORATION,
2000 AVENUE OF THE STARS, SUITE 1000N

(Street)
LOS ANGELES CA 90067

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AIR LEASE CORP [ AL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/08/2016
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Air Lease Corporation - Class A Common Stock 11/08/2016   S   30,000 D $ 31.7268 (1) 30,889 D  
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. $31.7268 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $31.49 to $31.92. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 1 to this Form 4.
Courtney McKeown, on behalf of Robert A. Milton (Substitute Power of Attorney Attached) 11/09/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Substitution of Power of Attorney

Pursuant to a Power of Attorney, each of the following persons
named below on
the date indicated:

     Marc H. Baer            February 28, 2013
     Jie Chen                February 28, 2013
     Alex A. Khatibi         February 27, 2013
     Grant A. Levy           February 28, 2013
     John D. Poerschke       March 1, 2013
     John L. Plueger         February 26, 2013
     Steven F. Udvar-Hazy    February 27, 2013
     Gregory B. Willis       February 27, 2013
     Matthew J. Hart         May 8, 2013
     Cheryl Gordon Krongard  December 13, 2013
     Robert A. Milton        March 4, 2013
     Ian M. Saines           March 13, 2013
     Dr. Ronald D. Sugar     April 30, 2013

has appointed me, his or her true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution,
for each of his or her name, place and stead, in any and all
capacities, to prepare, sign and  file any and all Forms 3, 4,
5 and 144 and any successor Forms (and any amendments or
corrections to all such forms, and any related documents or
items, including a Form ID and any other documents necessary
to obtain codes and passwords necessary to  make electronic
filings) which I deem needed or desirable with
the Securities and Exchange Commission and any and all stock
exchanges, granting unto me full power and authority to do and
perform each and every act and thing necessary or appropriate
in connection with this power and authority, hereby ratifying
and confirming all that I or my substitute or substitutes, may
lawfully do or cause to be done by virtue thereof.  Each of
the above persons has provided that this Power of Attorney
shall remain in full force and effect until each person is no
longer required to file Forms 3, 4, 5 and 144 with respect to
his or her holdings of and transactions in
securities issued by Air Lease Corporation, unless earlier
revoked by each such person in a signed writing delivered to
me.

Therefore, pursuant to the above described power and authority
conferred upon me, I hereby constitute and appoint Courtney
McKeown to be my true and lawful substitute, to act in my
place and stead, in any and all capacities pursuant to said
above described power and authority.

                                  By: /s/ Carol H. Forsyte
                                 Date:    November 7, 2016



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