Nicholas J. Swenson - Aug 26, 2022 Form 4/A - Amendment Insider Report for AIR T INC (AIRT)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Mark R. Jundt, attorney-in-fact
Stock symbol
AIRT
Transactions as of
Aug 26, 2022
Transactions value $
$21,563
Form type
4/A - Amendment
Date filed
4/26/2023, 12:08 PM
Date Of Original Report
Aug 30, 2022
Previous filing
Aug 8, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRT Common Stock Options Exercise $21.6K +3.75K +6.34% $5.75 62.9K Aug 26, 2022 Direct
holding AIRT Common Stock 973K Aug 26, 2022 By AO Partners I, LP F1, F2
holding AIRT Common Stock 94.9K Aug 26, 2022 By Glenhurst Co. F3
holding AIRT Common Stock 53.3K Aug 26, 2022 By Groveland Capital, LLC F4
holding AIRT Common Stock 170K Aug 26, 2022 By Groveland DST, LLC F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AIRT Common Stock Options Exercise $0 -3.75K -100% $0.00* 0 Aug 26, 2022 Common Stock 3.75K $5.75 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amendment is being filed to correct the balance held by AO Partners I, LP. On the Form 4 filed August 30, 2022, the balance omitted prior purchases that were previously reported on a Form 4 filed on February 16, 2022.
F2 The 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.
F3 The reported securities are owned directly by Glenhurst Co., a Minnesota corporation, wholly owned by Nicholas J. Swenson.
F4 The 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.
F5 The reported securities are owned directly by Groveland DST, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland DST, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.