SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jun 1, 2017

2. SEC Identification Number

152747

3. BIR Tax Identification No.

000153790000

4. Exact name of issuer as specified in its charter

Ayala Land, Inc.

5. Province, country or other jurisdiction of incorporation

Makati City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

30F Tower One and Exchange Plaza Ayala Triangle Ayala Avenue Makati City Philippines Postal Code 1226

8. Issuer's telephone number, including area code

632 7506974

9. Former name or former address, if changed since last report

not applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	14,714,522,959
Preferred Shares	13,664,949,759

11. Indicate the item numbers reported herein

Item 8. Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Ayala Land, Inc.ALI

PSE Disclosure Form 4-11 - Change in Number of Issued and Outstanding Shares References: Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Additional ALI ESOWN Subscription
Background/Description of the Disclosure
Please be informed that 162 grantees subscribed, effective today, June 1, 2017, to 10,424,599 common shares at P35.81 per share under our Employee Stock Ownership Plan. The option price is the average price of our common shares at the Philippine Stock Exchange over the 30-day trading period beginning January 18, 2017, and ending February 28, 2017, the day before the Personnel and Compensation Committee of our Board of Directors approved the grant of stock options. As a result of the subscription of the 162 stock option grantees, the number of our outstanding common shares is now 14,724,947,558.

Change(s) in Number of Issued and Outstanding Shares

Issued Shares

Type of Security /Stock Symbol	Before	After
Common Shares	14,714,522,959	14,724,947,558
Preferred Shares	13,066,494,759	13,066,494,759

Outstanding Shares

Type of Security /Stock Symbol	Before	After
Common Shares	14,714,522,959	14,724,947,558
Preferred Shares	13,066,494,759	13,066,494,759

Other Changes, if any

In percent	Before	After
Public float	52.01	51.97
Foreign Ownership level	21.85	21.84