According to Thomson Reuters, the 10m share transaction between Cerberus and AerCap is in additional to the the previously announced $200m repurchase program:
"This purchase is in addition to the previously announced repurchase program pursuant to which AerCap may purchase up to $200 million of its ordinary shares prior to June 30, 2013. As of August 20, 2012, up to approximately $104 million in additional shares may be purchased under this program."
Looks like options. They are different then what I am used to seeing. I see the date of the options and disposal is checked off but no prices. When an insider disposes of stock that has a couple years to run on the option - it worries me and signals a top. However in this case - did they really exercise the option or did the stock just move from an option into their account(because they say it is direct). Also - they are all doing it. Anyone else (like the lawyers among us that are used to such confusing jargon) maybe I missed something.