Air Transport Services Group Inc. (ATSG): Red Mountain Capital Agrees to Sell 3.8 Million Shares Back to Company

Page 5 of 10 – SEC Filing

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CUSIP No. 00922R105		SCHEDULE 13D/A		PAGE 5 OF 10 PAGES

1		NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Red Mountain Capital Management, Inc.             13-4057186
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)  ¨        (b)  x
3		SEC USE ONLY
4		SOURCE OF FUNDS* AF (See Item 3)
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES   BENEFICIALLY   OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER 11,152,425 shares (See Item 5)
				8		SHARED VOTING POWER None (See Item 5)
				9		SOLE DISPOSITIVE POWER 11,152,425 shares (See Item 5)
				10		SHARED DISPOSITIVE POWER None (See Item 5)
11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,152,425 shares (See Item 5)
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*    ¨
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.5% (See Item 5)
14		TYPE OF REPORTING PERSON* CO Corporation

* See Instructions