Bobby J. Griffin - 17 Mar 2023 Form 4 Insider Report for ATLAS AIR WORLDWIDE HOLDINGS INC

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
21 Mar 2023, 14:13:16 UTC
Prior SEC filing
21 Feb 2023
Next SEC filing
04 Apr 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Shannon Collins, as Attorney-in-Fact

Key filing fact

Bobby J. Griffin filed Form 4 for ATLAS AIR WORLDWIDE HOLDINGS INC on 21 Mar 2023.

Key facts

  • This page summarizes Bobby J. Griffin's Form 4 filing for ATLAS AIR WORLDWIDE HOLDINGS INC.
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 21 Mar 2023, 14:13.

Change

  • Previous filing in this sequence was filed on 21 Feb 2023.
  • 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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AAWW transaction

Common Stock, $0.01 par value

Disposed to Issuer

Transaction value
Shares
-2,479
Change %
-100%
Price
Shares after
0
Date
17 Mar 2023
Ownership
Direct
Footnotes
F1

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
-12,451
Change %
-100%
Price
Shares after
0
Date
17 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,451
Exercise price
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

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 share of the Company's common stock reported in this Form 4 was converted into the right to receive $102.50 in cash, without interest (the "Merger Consideration").

Footnote F2

Pursuant to the Merger Agreement, each outstanding restricted stock unit ("RSU"), including each RSU deferred under the Company's Non-Employee Director Restricted Stock Unit Deferral Program, 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 the Merger Consideration, less any applicable withholding for taxes.

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