SEC Form 4/A · accession 0000353184-18-000031
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
Mar 27, 2018
Accepted (ET)
Apr 9, 2018 · 4:01 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 StockF1,F5,F2 | Mar 27, 2018 | P | 5,212 | $24.99 | A | 57,960 | I | By Glenhurst Co. |
| Common StockF5,F3 | holding | — | — | — | 113,805 | 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 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually paid ranged from $24.575 to $25.00. 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 Form 4 filed on March 28, 2018 reported the purchase of 5,212 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.
- 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.
- F5As of the date of this filing, Glenhurst Co. holds 57,960 shares of common stock and Gloveland Hedged Credit Fund, LLC holds 113,805 shares of common stock.