Form Type: 4

SEC EDGAR Link
Accession Number:0000353184-14-000033
Date:2014-08-27
Issuer: AIR T INC (AIRT)
Original Submission Date:

Reporting Person:

AO PARTNERS I, LP
3033 EXCELSIOR BLVD
SUITE 560 MINNEAPOLIS, MN 55416

Reporting Person:

AO PARTNERS LLC
3033 EXCELSIOR BOULEVARD, SUITE 560
MINNEAPOLIS, MN 55416

Reporting Person:

SWENSON NICHOLAS JOHN
3033 EXCELSIOR BOULEVARD
SUITE 560 MINNEAPOLIS, MN 55416

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2014-08-27 P 4,300 a $11.36 564,705 f3 direct
COMMON STOCK 2014-08-28 P 2,029 a $11.52 566,734 f3 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTION 8.62 deemed execution date 0 ( ) 2013-08-30 2022-08-30 common stock 2,500 $8.62 2,500 direct
Footnotes
IDfootnote
f1 the reported securities are owned directly by nicholas j. swenson, as a director, chairman and ceo of the issuer.
f2 the price in column 4 is a weighted average price. the prices actually paid ranged from $11.25 to $11.40. 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.
f3 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.
f4 the price in column 4 is a weighted average price. the prices actually paid ranged from $11.48 to $11.55. 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.
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