SEC Form 4 · accession 0000353184-18-000028

AIR T INC · AIRT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO · Director · 10% Owner

Period of report

Apr 2, 2018

Accepted (ET)

Apr 4, 2018 · 5:17 pm EDT

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 Stock^F1	Apr 2, 2018	P	2	$24.75	A	2	I	By Glenhurst Co.
Common Stock^F1	Apr 3, 2018	P	4	$24.75	A	6	I	By Glenhurst Co.
Common Stock^F2	Apr 4, 2018	P	1	$24.75	A	171,759	I	By Groveland Hedged Credit Fund, LLC
Common Stock^F3	holding	—	—		—	587,130	I	By AO Partners I, LP
Common Stock	holding	—	—		—	40,307	D

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

F1The reported securities are owned directly by Glenhurst Co., a Minnesota corporation, wholly owned by Nicholas J. Swenson.
F2The 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.
F3The 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.