Walter G. Borst - 17 Mar 2023 Form 4 Insider Report for ATLAS AIR WORLDWIDE HOLDINGS INC

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 17 Mar 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 21 Mar 2023, 14:11:23 UTC
Prior SEC filing: 01 Jun 2022
Source filing: View source filing
Reporting owner signature: /s/ Shannon Collins, as Attorney-in-Fact

Key filing fact

Walter G. Borst filed Form 4 for ATLAS AIR WORLDWIDE HOLDINGS INC on 21 Mar 2023.

Key facts

This page summarizes Walter G. Borst's Form 4 filing for ATLAS AIR WORLDWIDE HOLDINGS INC.
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 21 Mar 2023, 14:11.

Change

Previous filing in this sequence was filed on 01 Jun 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AAWW transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -1,578
Change %: -100%
Price
Shares after: 0
Date: 17 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,578
Exercise price
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

On March 17, 2023 (the "Effective Time"), pursuant to that certain Agreement and Plan of Merger, dated as of August 4, 2022 (the "Merger Agreement"), by and among Atlas Air Worldwide Holdings, Inc. (the "Company"), Rand Parent, LLC, a Delaware limited liability company ("Parent"), and Rand Merger Sub, Inc., a wholly owned subsidiary of Parent ("MergerCo"), MergerCo merged with and into the Company with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, each outstanding restricted stock unit ("RSU") vested and was canceled in exchange for a cash payment equal to the number of shares of the Company's common stock underlying such RSU immediately prior to the Effective Time multiplied by $102.50, less any applicable withholding for taxes.