XFRA:G7V Aircastle Ltd Insider Activity 4 Filing - 3/12/2012

Effective Date 3/12/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Fortress Investment Group LLC
  2. Issuer Name and Ticker or Trading Symbol
Aircastle LTD [AYR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1345 AVENUE OF THE AMERICAS, 46TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
03/12/2012
(Street)

NEW YORK, NY 10105
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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
Common Shares 03/12/2012   S   842,432 D $12.9 1,979,717 I Fortress Investment Fund III Sub LLC(1)(2)(3)(4)
Common Shares 03/12/2012   S   842,432 D $12.9 1,979,716 I Fortress Investment Fund III Sub Two LLC(1)(2)(3)(4)
Common Shares 03/12/2012   S   720,294 D $12.9 1,692,691 I Fortress Investment Fund III (Fund B) Sub LLC(1)(2)(3)(4)
Common Shares 03/12/2012   S   720,294 D $12.9 1,692,691 I Fortress Investment Fund III (Fund B) Sub Two LLC(1)(2)(3)(4)
Common Shares 03/12/2012   S   301,239 D $12.9 707,913 I Fortress Investment Fund III (Fund C) Sub LLC(1)(2)(3)(4)
Common Shares 03/12/2012   S   691,408 D $12.9 1,624,809 I Fortress Investment Fund III (Fund D) Sub Ltd.(1)(2)(3)(4)
Common Shares 03/12/2012   S   48,567 D $12.9 114,131 I Fortress Investment Fund III (Fund E) Sub Ltd.(1)(2)(3)(4)
Common Shares 03/12/2012   S   141,668 D $12.9 332,919 I Fortress Investment Fund III (Coinvestment Fund A) Sub LLC(1)(2)(3)(4)
Common Shares 03/12/2012   S   278,325 D $12.9 654,065 I Fortress Investment Fund III (Coinvestment Fund B) Sub LLC(1)(2)(3)(4)
Common Shares 03/12/2012   S   71,684 D $12.9 168,457 I Fortress Investment Fund III (Coinvestment Fund C) Sub LLC(1)(2)(3)(4)
Common Shares 03/12/2012   S   341,657 D $12.9 802,893 I Fortress Investment Fund III (Coinvestment Fund D) Sub Ltd.(1)(2)(3)(4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: 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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Fortress Investment Group LLC
1345 AVENUE OF THE AMERICAS, 46TH FLOOR
NEW YORK, NY 10105
    X    
FIG Corp.
1345 AVENUE OF THE AMERICAS, 46TH FLOOR
NEW YORK, NY 10105
    X    
FORTRESS FUND III GP LLC
1345 AVENUE OF THE AMERICAS, 46TH FLOOR
NEW YORK, NY 10105
    X    
FORTRESS INVESTMENT FUND GP (HOLDINGS) LLC
1345 AVENUE OF THE AMERICAS, 46TH FLOOR
NEW YORK, NY 10105
    X    
FIG LLC
1345 AVENUE OF THE AMERICAS, 46TH FLOOR
NEW YORK, NY 10105
    X    
Fortress Operating Entity I LP
1345 AVENUE OF THE AMERICAS, 46TH FLOOR
NEW YORK, NY 10105
    X    

Signatures

 /s/ Randal A. Nardone, as Authorized Signatory of Fortress Investment Group LLC   03/13/2012
** Signature of Reporting Person Date

 /s/ Randal A. Nardone, as Authorized Signatory of FIG Corp.   03/13/2012
** Signature of Reporting Person Date

 /s/ Randal A. Nardone, as Authorized Signatory of Fortress Fund III GP LLC   03/13/2012
** Signature of Reporting Person Date

 /s/ Randal A. Nardone, as Authorized Sigantory of Fortress Investment Fund GP (Holdings) LLC   03/13/2012
** Signature of Reporting Person Date

 /s/ Randal A. Nardone, as Authorized Signatory of FIG LLC   03/13/2012
** Signature of Reporting Person Date

 /s/ Randal A. Nardone, as Authorized Signatory of Fortress Operating Entity I LP   03/13/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Each reporting person disclaims beneficial ownership of all reported shares except to the extent of its pecuniary interest therein and the inclusion of the shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for the purposes of Section 16 or otherwise.
(2) Fortress Fund III GP LLC ("FF III GP LLC") is the general partner, and FIG LLC is the investment advisor, of each of Fortress Investment Fund III LP ("FIF III LP"), Fortress Investment Fund III (Fund B) LP ("FIF III Fund B LP"), Fortress Investment Fund III (Fund C) LP ("FIF III Fund C LP"), Fortress Investment Fund III (Fund D) L.P. ("FIF III Fund D L.P."), Fortress Investment Fund III (Fund E) L.P. ("FIF III Fund E L.P."), Fortress Investment Fund III (Coinvestment Fund A) LP ("FIF III Coinvest Fund A LP"), Fortress Investment Fund III (Coinvestment Fund B) LP ("FIF III Coinvest Fund B LP"), Fortress Investment Fund III (Coinvestment Fund C) LP ("FIF III Coinvest Fund C LP"), and Fortress Investment Fund III (Coinvestment Fund D) L.P ("FIF III Coinvest Fund D L.P.").
(3) (continued from previous footnote) FIF III LP is the sole member each of Fortress Investment Fund III Sub LLC and Fortress Investment Fund III Sub Two LLC. FIF III Fund B LP is the sole member of each of Fortress Investment Fund III (Fund B) Sub LLC and Fortress Investment Fund III (Fund B) Sub Two LLC. FIF III Fund C LP is the sole member of Fortress Investment Fund III (Fund C) Sub LLC. FIF III Fund D L.P. is the sole member of Fortress Investment Fund III (Fund D) Sub Ltd. FIF III Fund E L.P. is the sole member of Fortress Investment Fund III (Fund E) Sub Ltd. FIF III Coinvest Fund A LP is the sole member of Fortress Investment Fund III (Coinvestment Fund A) Sub LLC.
(4) (continued from previous footnote) FIF III Coinvest Fund B LP is the sole member of Fortress Investment Fund III (Coinvestment Fund B) Sub LLC. FIF III Coinvest Fund C LP is the sole member of Fortress Investment Fund III (Coinvestment Fund C ) Sub LLC and FIF III Coinvest Fund D L.P. is the sole member of Fortress Investment Fund III (Coinvestment Fund D) Sub Ltd. The sole managing member of FF III GP LLC is Fortress Investment Management Fund GP (Holdings) LLC. The sole managing member of Fortress Investment Fund GP (Holdings) LLC is Fortress Operating Entity I LP ("FOE I"). FOE I is the sole managing member of FIG LLC. FIG Corp. is the general partner of FOE I. FIG Corp. is wholly-owned by Fortress Investment Group LLC.

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XFRA:G7V Aircastle Ltd Insider Activity 4 Filling

Aircastle Ltd XFRA:G7V Stock - Get Insider Activity SEC Filing of Aircastle Ltd XFRA:G7V stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

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XFRA:G7V Aircastle Ltd Insider Activity 4 Filing - 3/12/2012
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