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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
353184	Air T Inc	AIRT	Air Courier Services (4513)	521206400

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1478067	John Nicholas Swenson	3033 Excelsior Boulevard Suite 560 Minneapolis MN 55416		No	No	Yes	No
1542769	Ao Partners I, Lp	3033 Excelsior Blvd Suite 560 Minneapolis MN 55416	Ceo	Yes	Yes	Yes	No
1549244	Ao Partners Llc	3033 Excelsior Boulevard, Suite 560 Minneapolis MN 55416		No	No	Yes	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	Acquisiton	2014-08-25	27,700	$11.36	559,790	No	4	P	Direct
Common Stock	Acquisiton	2014-08-26	615	$11.15	560,405	No	4	P	Direct

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

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option	$8.62	2013-08-30	2022-08-30	2,500	2,500	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2022-08-30	2,500	2,500	Direct

Footnotes

The price in Column 4 is a weighted average price. The prices actually paid ranged from $11.08 to $11.56. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.
The reported securities are owned directly by AO Partners I. L.P., and indirectly by AO Partners, LLC, as General Partner of AO Partners I. L.P., and Nicholas J. Swenson as Managing Member of AO Partners, LLC, AO Partners, LLC and Nicholas J. Swenson disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
The reported securities are owned directly by Nicholas J. Swenson, as a Director, Chairman and CEO of the issuer.
The price in Column 4 is a weighted average price. The prices actually paid ranged from $11.12 to $11.15. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.