AIR T INC — Director's Dealing 2012

Jun 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR T INC (AIRT)
CIK: 0000353184
Period of Report: 2012-06-12

Reporting Person: AO Partners I, LP (10% Owner)
Reporting Person: AO Partners LLC (10% Owner)
Reporting Person: Swenson Nicholas John (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-12	Common Stock	L	1	$8.11	Acquired	306359	Direct
2012-06-14	Common Stock	P	4000	$8.20	Acquired	310359	Direct
2012-06-15	Common Stock	P	500	$8.15	Acquired	310859	Direct
2012-06-18	Common Stock	P	802	$8.15	Acquired	311661	Direct

Footnotes

F1: The reported securities are owned directly by AO Partners I, L.P., and indirectly by AO Partners, LLC, as General Partner of AO Partners I, L.P. and Nicholas J. Swenson, as Managing Member of AO Partners, LLC. AO Partners, LLC and Nicholas J. Swenson disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.