SEC Form 4/A · accession 0000353184-18-000030
AIR T INC · AIRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Nicholas John Swenson
Officer — CEO · Director · 10% Owner
Period of report
Dec 27, 2017
Accepted (ET)
Apr 6, 2018 · 5:29 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 StockF5,F1,F2 | Dec 27, 2017 | P | 52,742 | $24.7408 | A | 52,742 | I | By Glenhurst Co. |
| Common StockF3 | holding | — | — | — | 104,800 | I | By Groveland Hedged Credit Fund, LLC | |
| Common StockF4 | 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 | Stock Options | 2,500 | 2,500 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually paid ranged from $24.35 to $24.75. 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.
- F2The reported securities are owned directly by Glenhurst Co., a Minnesota corporation, wholly owned by Nicholas J. Swenson.
- F3The 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.
- F4The 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.
- F5The Form 4 filed on December 27, 2017 reported the purchase of 52,742 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.