AIR T INC — Director's Dealing 2018

Apr 9, 2018

SEC Form 4/A — Form 4/A

Issuer: AIR T INC (AIRT)
CIK: 0000353184
Period of Report: 2018-03-27

Reporting Person: Swenson Nicholas John (Director, CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-27	Common Stock	P	5212	$24.99	Acquired	57960	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	113805	Indirect
Common Stock	587130	Indirect
Common Stock	40307	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$8.62	2022-08-30	Common Stock (2500)	2500	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually paid ranged from $24.575 to $25.00. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.

F2: The Form 4 filed on March 28, 2018 reported the purchase of 5,212 shares by Groveland Hedged Credit Fund, LLC. This amended Form 4 is being filed to report that these shares were actually purchased by Glenhurst Co.

F3: The reported securities are owned directly by Groveland Hedged Credit Fund LLC, and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland Capital LLC, the investment adviser to the Groveland Hedged Credit Fund LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F4: 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. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F5: As of the date of this filing, Glenhurst Co. holds 57,960 shares of common stock and Gloveland Hedged Credit Fund, LLC holds 113,805 shares of common stock.