SEC Form 4 · accession 0000353184-17-000003
AIR T INC · AIRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas John Swenson
Officer — CEO · Director · 10% Owner
Period of report
Jan 25, 2017
Accepted (ET)
Jan 30, 2017 · 1:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000353184
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 25, 2017 | P | 3 | $21.40 | A | 78,730 | I | By Groveland Capital LLC |
| Common StockF1 | Jan 27, 2017 | P | 300 | $21.95 | A | 79,030 | I | By Groveland Capital LLC |
| Common StockF2 | holding | — | — | — | 587,130 | I | By AO Partners I, LP | |
| Common Stock | holding | — | — | — | 40,307 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $8.62 | holding | — | — | — | Aug 30, 2013 | Aug 30, 2022 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1The reported securities are owned directly by Groveland Capital LLC, and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland Capital LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F2The 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.