AIR T INC — Director's Dealing 2004

Nov 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR T INC (AIRT)
CIK: 0000353184
Period of Report: 2004-11-17

Reporting Person: Clark Walter (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-17	common stock	S	1700	$26.27	Disposed	103300	Indirect
2004-11-17	common stock	S	300	$26.28	Disposed	103000	Indirect
2004-11-17	common stock	S	1000	$26.37	Disposed	102000	Indirect
2004-11-17	common stock	S	0	—	Disposed	60922	Direct

Footnotes

F1: The reported sales transactions were effected by the Estate of David Clark, of which Walter Clark is an executor and beneficiary.