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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
894081	Air Transport Services Group Inc.	ATSG	Air Courier Services (4513)	261631624

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1191780	H James Carey	C/O Air Transport Services Group, Inc. 145 Hunter Drive Wilmington OH 45177		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-12-21	7,000	$7.84	65,413	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00			55,600	55,600	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	55,600	55,600	Direct

Footnotes

The restricted stock units will be exchanged for common stock on a one-for-one basis.
The units will not be settled until Mr. Carey's board service ends.
There is no expiration date.
Mr. Carey's sale of common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 1,500 shares, with his purchase of 1,500 shares of common stock at a price of $4.78 per share on August 13, 2010. Mr. Carey has agreed to pay to ATSG, upon settlement of the sale, $4,590, representing the full amount of profit realized in connection with the short-swing transaction, less transaction costs.