AIR T INC — Director's Dealing 2004

Sep 30, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR T INC (Airt)
CIK: 0000353184
Period of Report: 2004-09-28

Reporting Person: Moore Herman Aubrey Jr (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-28	Common Stock	M	1000	$6.375	Acquired	1000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-28	stock option	$6.375	M	1000	Disposed	2004-09-28	common (1000)	Direct