AIR T INC — Director's Dealing 2006

Dec 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR T INC (AIRT)
CIK: 0000353184
Period of Report: 2006-12-06

Reporting Person: Parry John (CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-06	Stock Option	$9.3	A	15000	Acquired	2016-12-06	Common Stock (15000)	Direct

Footnotes

F1: The options become exercisable with respect to one-third of the shares on 12/06/2007, with respect to another one-third of the shares on 12/06/2008 and with respect to the final one-third of the shares on 12/06/2009.

F2: Not applicable