James Anthony Forbes - 27 Dec 2022 Form 4 Insider Report for ATLAS AIR WORLDWIDE HOLDINGS INC

Role: EVP & COO
Signature: /s/ Shannon Collins, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 27 Dec 2022
Net transactions value: -$1,403,944
Form type: 4
Filing time: 29 Dec 2022, 16:02:45 UTC
Previous filing: 19 Apr 2022
Next filing: 21 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AAWW	Common Stock, $0.01 par value	Award	$0	+5,769	+60%	$0.000000	15,427	28 Dec 2022	Direct
transaction	AAWW	Common Stock, $0.01 par value	Tax liability	$228,622	-2,271	-15%	$100.67	13,156	28 Dec 2022	Direct
transaction	AAWW	Common Stock, $0.01 par value	Award	$0	+2,794	+21%	$0.000000	15,950	28 Dec 2022	Direct
transaction	AAWW	Common Stock, $0.01 par value	Tax liability	$110,737	-1,100	-6.9%	$100.67	14,850	28 Dec 2022	Direct
transaction	AAWW	Common Stock, $0.01 par value	Award	$0	+809	+5.4%	$0.000000	15,659	28 Dec 2022	Direct
transaction	AAWW	Common Stock, $0.01 par value	Tax liability	$32,114	-319	-2%	$100.67	15,340	28 Dec 2022	Direct
transaction	AAWW	Common Stock, $0.01 par value	Award	$0	+5,294	+35%	$0.000000	20,634	28 Dec 2022	Direct
transaction	AAWW	Common Stock, $0.01 par value	Tax liability	$209,796	-2,084	-10%	$100.67	18,550	28 Dec 2022	Direct
transaction	AAWW	Common Stock, $0.01 par value	Award	$0	+20,767	+112%	$0.000000	39,317	27 Dec 2022	Direct	F1
transaction	AAWW	Common Stock, $0.01 par value	Tax liability	$822,675	-8,172	-21%	$100.67	31,145	27 Dec 2022	Direct

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	AAWW	Restricted Stock Units	Options Exercise	$0	-5,769	-100%	$0.000000^*	28 Dec 2022	Common Stock	5,769	Direct	F1, F2
transaction	AAWW	Restricted Stock Units	Options Exercise	$0	-2,794	-100%	$0.000000^*	28 Dec 2022	Common Stock	2,794	Direct	F1, F2
transaction	AAWW	Restricted Stock Units	Options Exercise	$0	-809	-100%	$0.000000^*	28 Dec 2022	Common Stock	809	Direct	F1, F2
transaction	AAWW	Restricted Stock Units	Options Exercise	$0	-5,294	-100%	$0.000000^*	28 Dec 2022	Common Stock	5,294	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	In connection with the transaction contemplated by the Agreement and Plan of Merger, dated as of August 4, 2022, by and among the Issuer, Rand Parent, LLC and the other parties thereto, the vesting of the awards described herein was accelerated as contemplated by the proxy statement filed in connection with the transaction on October 19, 2022 and the section "Section 280G Mitigation Actions" therein.
F2	Upon vesting, the Reporting Person is entitled to receive one share of Common Stock for each restricted stock unit.

Content

In connection with the transaction contemplated by the Agreement and Plan of Merger, dated as of August 4, 2022, by and among the Issuer, Rand Parent, LLC and the other parties thereto, the vesting of the awards described herein was accelerated as contemplated by the proxy statement filed in connection with the transaction on October 19, 2022 and the section "Section 280G Mitigation Actions" therein.

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