MESA AIR GROUP INC — Director's Dealing 2003

Jan 23, 2003

4 1 formfour.htm FORM 4

FORM 4	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
• Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses)	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person* DENTON HERBERT A.	Issuer Name and Ticker or Trading Symbol MESA AIR GROUP, INC. - MESA					6. Relationship of Reporting Person to Issuer (check all applicable) X Director 10% Owner
(Last) (First) (Middle) 4110 North 44 th Street, Suite 700	3. I.R.S. Identification Number of Reporting Person, if entity (Voluntary)			4. Statement for Month/Year January 23, 2003		Officer (give title below)		____ Other (specify below)
						__________
(Street) Phoenix Arizona 85008				5. If Amendment, Date of Original (Month/Year)		7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
(City (State) (Zip)	Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Trans- action Date (Month/ Day Year)	3. Trans- action Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
		Code	V	Amount	(A) or (D)	Price
Mesa Common	1/21/03	G(1)		2,600	D	4.14	2,400 (1)	I	Providence Capital, Inc.

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FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conver- sion or Exercise Price of Deriv- ative Security	3. Trans- action Date (Month/ Day/ Year)		5. Number of Deriv- ative Securities Ac- quired (A) or Dis- posed of (D) (Instr. 3, 4, and 5)			7. Title and Amount of Underying Securities (Instr. 3 and 4)		9. Number of Deriv- ative Secur- ities Bene- ficially Owned at End of Month (Instr. 4)	10. Owner- ship Form of De- rivative Secu- rity: Direct (D) or Indirect (I) (Instr. 4)
					Date Exer- cisable	Expira- tion Date	Title	Amount or Number of Shares
		Code	V	(A)	(D)
Stock Option (Right to Buy)	$12.24	7/13/01			7/13/01	7/13/11	Mesa Common	732		D
Stock Option (Right to Buy)	$10.74	4/4/02			4/4/02	4/4/12	Mesa Common	6,140	6,872	D

Explanation of Responses:

1. Providence Investors, LLC internally transferred its 5,000 shares of Mesa Common Stock to Providence Capital, Inc. On January 21, 2003, Providence Capital, Inc. distributed 2,600 of those shares to its members.

__/S/ HERBERT DENTON__ 01/23/03

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