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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
| Air Lease Corporation |
(Name of Issuer)
| Class A Common Stock, par value $0.01 per share |
(Title of Class of Securities)
| 00912X302 |
(CUSIP Number)
| April 8, 2011 |
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 00912X302 | ||
| 1. |
Names of Reporting Persons I.R.S. Identification No. of Above Persons (Entities Only)
Green Equity Investors V, L.P. | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) x (b) ¨
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
6,944,444 shares of Class A Common Stock | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
6,944,444 shares of Class A Common Stock | |||||
|
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
6,944,444 shares of Class A Common Stock | |||||
| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
| |||||
| 11. |
Percent of Class Represented by Amount in Row (9)
7.0% beneficial ownership of the Class A Common Stock based on 98,885,131 shares of Class A Common Stock outstanding as reported in the Issuer’s 10-Q filed with the Securities and Exchange Commission on November 10, 2011 | |||||
| 12. |
Type of Reporting Person (See Instructions)
PN | |||||
| CUSIP No. 00912X302 | ||
| 1. |
Names of Reporting Persons I.R.S. Identification No. Of Above Persons (Entities Only)
Green Equity Investors Side V, L.P. | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) x (b) ¨
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
6,944,444 shares of Class A Common Stock | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
6,944,444 shares of Class A Common Stock | |||||
|
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
6,944,444 shares of Class A Common Stock | |||||
| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
| |||||
| 11. |
Percent of Class Represented by Amount in Row (9)
7.0% beneficial ownership of the Class A Common Stock based on 98,885,131 shares of Class A Common Stock outstanding as reported in the Issuer’s 10-Q filed with the Securities and Exchange Commission on November 10, 2011 | |||||
| 12. |
Type of Reporting Person (See Instructions)
PN | |||||
| CUSIP No. 00912X302 | ||
| 1. |
Names of Reporting Persons I.R.S. Identification No. Of Above Persons (Entities Only)
GEI Capital V, LLC | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
6,944,444 shares of Class A Common Stock | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
6,944,444 shares of Class A Common Stock | |||||
|
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
6,944,444 shares of Class A Common Stock | |||||
| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
| |||||
| 11. |
Percent of Class Represented by Amount in Row (9)
7.0% beneficial ownership of the Class A Common Stock based on 98,885,131 shares of Class A Common Stock outstanding as reported in the Issuer’s 10-Q filed with the Securities and Exchange Commission on November 10, 2011 | |||||
| 12. |
Type of Reporting Person (See Instructions)
OO (Limited Liability Company) | |||||
| CUSIP No. 00912X302 | ||
| 1. |
Names of Reporting Persons I.R.S. Identification No. Of Above Persons (Entities Only)
Green V Holdings, LLC | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
6,944,444 shares of Class A Common Stock | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
6,944,444 shares of Class A Common Stock | |||||
|
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
6,944,444 shares of Class A Common Stock | |||||
| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
| |||||
| 11. |
Percent of Class Represented by Amount in Row (9)
7.0% beneficial ownership of the Class A Common Stock based on 98,885,131 shares of Class A Common Stock outstanding as reported in the Issuer’s 10-Q filed with the Securities and Exchange Commission on November 10, 2011 | |||||
| 12. |
Type of Reporting Person (See Instructions)
OO (Limited Liability Company) | |||||
| CUSIP No. 00912X302 | ||
| 1. |
Names of Reporting Persons I.R.S. Identification No. Of Above Persons (Entities Only)
Leonard Green & Partners, L.P. | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
6,944,444 shares of Class A Common Stock | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
6,944,444 shares of Class A Common Stock | |||||
|
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
6,944,444 shares of Class A Common Stock | |||||
| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
| |||||
| 11. |
Percent of Class Represented by Amount in Row (9)
7.0% beneficial ownership of the Class A Common Stock based on 98,885,131 shares of Class A Common Stock outstanding as reported in the Issuer’s 10-Q filed with the Securities and Exchange Commission on November 10, 2011 | |||||
| 12. |
Type of Reporting Person (See Instructions)
PN | |||||
| CUSIP No. 00912X302 | ||
| 1. |
Names of Reporting Persons I.R.S. Identification No. Of Above Persons (Entities Only)
LGP Management, Inc. | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
6,944,444 shares of Class A Common Stock | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
6,944,444 shares of Class A Common Stock | |||||
|
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
6,944,444 shares of Class A Common Stock | |||||
| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
| |||||
| 11. |
Percent of Class Represented by Amount in Row (9)
7.0% beneficial ownership of the Class A Common Stock based on 98,885,131 shares of Class A Common Stock outstanding as reported in the Issuer’s 10-Q filed with the Securities and Exchange Commission on November 10, 2011 | |||||
| 12. |
Type of Reporting Person (See Instructions)
CO | |||||
| Item 1. |
| (a) | Name of Issuer |
Air Lease Corporation (“Issuer”)
| (b) | Address of Issuer’s Principal Executive Offices |
2000 Avenue of the Stars, Suite 1000N, Los Angeles, CA 90067
| Item 2. |
| (a) | Name of Person(s) Filing |
(A) Green Equity Investors V, L.P.
(B) Green Equity Investors Side V, L.P.
(C) GEI Capital V, LLC
(D) Green V Holdings, LLC
(E) Leonard Green & Partners, L.P.
(F) LGP Management, Inc.
Green Equity Investors V, L.P., a Delaware limited partnership (“GEI V”) is the direct owner of 5,341,979 shares of Class A Common Stock (the “GEI V Shares”). Green Equity Investors Side V, L.P., a Delaware limited partnership (“GEI Side V”) is the direct owner of 1,602,465 shares of Class A Common Stock (the “GEI Side V Shares,” and together with the GEI V Shares, the “Shares”). GEI Capital V, LLC, a Delaware limited liability company (“GEIC”) is the general partner of GEI V and GEI Side V. Green V Holdings, LLC, a Delaware limited liability company (“Holdings”) is a limited partner of GEI V and GEI Side V. Leonard Green & Partners, L.P., a Delaware limited partnership (“LGP”) is the management company of GEI V and GEI Side V and an affiliate of GEIC and Holdings. LGP Management, Inc., a Delaware corporation (“LGPM”) is the general partner of LGP.
GEI Side V, as an affiliated entity of GEI V, LGP, as the management company of GEI V and GEI Side V, LGPM, as the general partner of LGP, GEIC, as the general partner of GEI V and GEI Side V, and Holdings, as a limited partner of GEI V and GEI Side V, directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed to share voting and investment power with respect to the Shares. As such, GEIC, Holdings, LGP, LGPM, GEI V (in the case of GEI Side V Shares), and GEI Side V (in the case of GEI V Shares) may be deemed to be the indirect beneficial owners of the Shares.
Each of GEIC, LGP, LGPM, Holdings, GEI V, where applicable, and GEI Side V, where applicable, disclaims beneficial ownership of the Shares reported herein, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the reporting persons are the beneficial owner of such securities for purposes of Section 13(d), Section 13(g), Section 16, or for any other purposes.
| (b) | Address of Principal Business Office or, if none, Residence |
(A) – (F): 11111 Santa Monica Boulevard, Suite 2000, Los Angeles, CA 90025
| (c) | Citizenship |
(A) – (F): Delaware
| (d) | Title of Class of Securities |
This statement relates to the Issuer’s Class A Common Stock, par value $0.01 per share.
| (e) | CUSIP Number |
00912X302
| Item 3. |
Not applicable.
| Item 4. | Ownership |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
The following information is provided as of February 14, 2012.
(a) Amount beneficially owned:
| i. | GEI V is the beneficial owner of 6,944,444 shares of Class A Common Stock. |
| ii. | GEI Side V is the beneficial owner of 6,944,444 shares of Class A Common Stock. |
| iii. | GEIC is the beneficial owner of 6,944,444 shares of Class A Common Stock. |
| iv. | Holdings is the beneficial owner of 6,944,444 shares of Class A Common Stock. |
| v. | LGP is the beneficial owner of 6,944,444 shares of Class A Common Stock. |
| vi. | LGPM is the beneficial owner of 6,944,444 shares of Class A Common Stock. |
(b) Percent of class (based upon 98,885,131 shares of Class A common stock issued and outstanding as of September 30, 2011, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 10, 2011):
| i. | GEI V is the beneficial owner of 7.0% percent of Issuer’s Class A Common Stock. |
| ii. | GEI Side V is the beneficial owner of 7.0% percent of Issuer’s Class A Common Stock. |
| iii. | GEIC is the beneficial owner of 7.0% percent of Issuer’s Class A Common Stock. |
| iv. | Holdings is the beneficial owner of 7.0% percent of Issuer’s Class A Common Stock. |
| v. | LGP is the beneficial owner of 7.0% percent of Issuer’s Class A Common Stock. |
| vi. | LGPM is the beneficial owner of 7.0% percent of Issuer’s Class A Common Stock. |
(c) Number of shares as to which such person has:
| i. | Sole power to vote or to direct the vote: |
| a. | 0 shares of Class A Common Stock for GEI V |
| b. | 0 shares of Class A Common Stock for GEI Side V |
| c. | 0 shares of Class A Common Stock for GEIC |
| d. | 0 shares of Class A Common Stock for Holdings |
| e. | 0 shares of Class A Common Stock for LGP |
| f. | 0 shares of Class A Common Stock for LGPM |
| ii. | Shared power to vote or to direct the vote: |
| a. | 6,944,444 shares of Class A Common Stock for GEI V |
| b. | 6,944,444 shares of Class A Common Stock for GEI Side V |
| c. | 6,944,444 shares of Class A Common Stock for GEIC |
| d. | 6,944,444 shares of Class A Common Stock for Holdings |
| e. | 6,944,444 shares of Class A Common Stock for LGP |
| f. | 6,944,444 shares of Class A Common Stock for LGPM |
| iii. | Sole power to dispose or to direct the disposition of: |
| a. | 0 shares of Class A Common Stock for GEI V |
| b. | 0 shares of Class A Common Stock for GEI Side V |
| c. | 0 shares of Class A Common Stock for GEIC |
| d. | 0 shares of Class A Common Stock for Holdings |
| e. | 0 shares of Class A Common Stock for LGP |
| f. | 0 shares of Class A Common Stock for LGPM |
| iv. | Shared power to dispose or to direct the disposition of: |
| a. | 6,944,444 shares of Class A Common Stock for GEI V |
| b. | 6,944,444 shares of Class A Common Stock for GEI Side V |
| c. | 6,944,444 shares of Class A Common Stock for GEIC |
| d. | 6,944,444 shares of Class A Common Stock for Holdings |
| e. | 6,944,444 shares of Class A Common Stock for LGP |
| f. | 6,944,444 shares of Class A Common Stock for LGPM |
| Item 5. | Ownership of Five Percent or Less of a Class |
Not applicable.
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person |
Not applicable.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group |
Not applicable.
| Item 9. | Notice of Dissolution of Group |
Not applicable.
| Item 10. | Certifications |
Not applicable.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated as of February 14, 2012
| Green Equity Investors V, L.P. | ||
| By: GEI Capital V, LLC, its General Partner | ||
| By: |
/s/ Michael Gennaro | |
| Name: |
Michael Gennaro | |
| Title: |
Chief Operating Officer and Secretary | |
| Green Equity Investors Side V, L.P. | ||
| By: GEI Capital V, LLC, its General Partner | ||
| By: |
/s/ Michael Gennaro | |
| Name: |
Michael Gennaro | |
| Title: |
Chief Operating Officer and Secretary | |
| GEI Capital V, LLC | ||
| By: |
/s/ Michael Gennaro | |
| Name: |
Michael Gennaro | |
| Title: |
Chief Operating Officer and Secretary | |
| Green V Holdings, LLC | ||
| By: |
/s/ Michael Gennaro | |
| Name: |
Michael Gennaro | |
| Title: |
Chief Operating Officer and Secretary | |
| Leonard Green & Partners, L.P. | ||
| By: LGP Management, Inc., its General Partner | ||
| By: |
/s/ Michael Gennaro | |
| Name: |
Michael Gennaro | |
| Title: |
Chief Operating Officer and Secretary | |
| LGP Management, Inc. | ||
| By: |
/s/ Michael Gennaro | |
| Name: |
Michael Gennaro | |
| Title: |
Chief Operating Officer and Secretary | |
Attention: Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
EXHIBIT INDEX
| EXHIBIT NO. | DESCRIPTION | |
| 1 |
Joint Filing Agreement, dated February 13, 2012 | |
| 2 |
Power of Attorney, dated February 13, 2012 | |