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Filing Details

Accession Number:: 0000353184-18-000047
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-10-02 10:01:45
Reporting Period:: 2018-09-28

Accepted Time:: 2018-10-02 10:01:45
SEC Url:: Form 4 Filing

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	5000 West 36Th Street Suite 130 Minneapolis MN 55416	Ceo	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2018-09-28	30,000	$33.55	32,304	No	4	P	Indirect	By Groveland Capital, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Groveland Capital, LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	113,204	Indirect	By Groveland DST, LLC
Common Stock	587,130	Indirect	By AO Partners I, LP
Common Stock	57,960	Indirect	By Glenhurst Co.
Common Stock	40,307	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options	$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 reported securities are owned directly by Groveland Capital, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland Capital, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Included in the reported securities are shares that were previously owned by Groveland Hedged Credit Fund LLC and subsequently transferred to Groveland Capital, LLC via transactions exempt from reporting under Rule 16a-13.
The Form 4 filed on September 10, 2018 incorrectly reported that Nicholas J. Swenson purchased 375 shares of Air T, Inc. on September 6, 2018 and 200 shares of Air T, Inc. on September 7, 2018. These shares have been properly removed from the amount of shares beneficially owned by Groveland DST, LLC.
The reported securities are owned directly by Groveland DST, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland DST, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. These shares were previously owned by Groveland Hedged Credit Fund LLC and subsequently transferred to Groveland DST, LLC via transactions exempt from reporting under Rule 16a-13.
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. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
The reported securities are owned directly by Glenhurst Co., a Minnesota corporation, wholly owned by Nicholas J. Swenson.