SEC Form 4 · accession 0001209191-18-004763
ATLAS AIR WORLDWIDE HOLDINGS INC · AAWW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Spencer Schwartz
Officer — EVP & CFO
Period of report
Jan 19, 2018
Accepted (ET)
Jan 22, 2018 · 5:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001135185
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1 | Jan 19, 2018 | M | 21,284 | — | A | 45,539 | D | |
| Common Stock, $0.01 par value | Jan 19, 2018 | F | 9,809 | $62.05 | D | 35,730 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1 | — | Jan 19, 2018 | M | 10,642 | D | — | — | Common Stock | 21,284 | 0 | D |
Explanation of responses
- F1Performance share units that were awarded for the three-year performance period ended December 31, 2017. As a result of the approval by the issuer's shareholders of the "Restricted Share Issuance" as described in the issuer's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, on August 12, 2016, these performance share units were deemed satisfied at maximum performance levels and were no longer subject to performance-based vesting requirements. On January 19, 2018, they converted into a number of shares of Common Stock on a two-for-one basis in accordance with their terms.