Timothy J. Bernlohr - May 25, 2021 Form 4 Insider Report for ATLAS AIR WORLDWIDE HOLDINGS INC (AAWW)

Role: Director
Signature: /s/Michael W. Borkowski, as Attorney-in-Fact
Stock symbol: AAWW
Transactions as of: May 25, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/27/2021, 04:50 PM
Next filing: Jun 3, 2021

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	AAWW	Restricted Stock Units	Award	$0	+1.5K		$0.00	1.5K	May 25, 2021	Common Stock	1.5K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Upon vesting, the Reporting Person is entitled to receive one share of Common Stock for each restricted stock unit.
F2	The units vest in their entirety on the first to occur of the following: the first anniversary of the date of grant; the day of the Reporting Person's death; the day of the Reporting Person's disability (as defined); or a Change in Control of the Company (as defined). Vesting of all or a portion of the units may be deferred to a date on which the Reporting Person is separated from Board service or a date specified by the Reporting Person.

Content

Upon vesting, the Reporting Person is entitled to receive one share of Common Stock for each restricted stock unit.

The units vest in their entirety on the first to occur of the following: the first anniversary of the date of grant; the day of the Reporting Person's death; the day of the Reporting Person's disability (as defined); or a Change in Control of the Company (as defined). Vesting of all or a portion of the units may be deferred to a date on which the Reporting Person is separated from Board service or a date specified by the Reporting Person.