X0306 4 2016-01-01 0 0001362988 Aircastle LTD AYR 0001196048 ALLEN RONALD W C/O AIRCASTLE ADVISORS, LLC 300 FIRST STAMFORD PLACE STAMFORD CT 06905 1 0 0 0 Common Stock 2016-01-01 4 F 0 1305 20.89 D 87783 D Common Stock 2016-01-01 4 A 0 6462 0.00 A 94245 D Common shares repurchased by the Company pursuant to an irrevocable election made by the reporting person under the Aircastle Limited 2014 Omnibus Incentive Plan (the "Plan"), with proceeds of such repurchase being paid to the reporting person for the application by the reporting person to the reporting person's federal and state tax obligations arising in connection with vesting, on January 1, 2016, of 4,212 common shares granted under the Plan. The repurchase price of $20.89 paid by the Company was the closing price on December 31, 2015, the last trading day preceding the date the sale was reported, as provided in the Plan. Grant of restricted shares under the Plan. Shares vest on January 1, 2017, subject to the terms of the Plan and related grant documents. /s/ Ronald W. Allen 2016-01-05