Schwartz Spencer Form 4 ATLAS AIR WORLDWIDE / Spencer Schwartz ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Schwartz Spencer

(Last) (First) (Middle)

C/O ATLAS AIR WORLDWIDE HOLDINGS, INC.

2000 WESTCHESTER AVENUE

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ATLAS AIR WORLDWIDE HOLDINGS INC [ AAWW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/08/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.01 par value	03/08/2021		A		17,589	A	$0.00	48,308	D
Common Stock, $0.01 par value	03/08/2021		F		8,614	D	$57.36	39,694	D
Common Stock, $0.01 par value	03/08/2021		A		6,211	A	$0.00	45,905	D
Common Stock, $0.01 par value	03/08/2021		F		3,042	D	$57.36	42,863	D
Common Stock, $0.01 par value	03/08/2021		S(1)(2)		964	D	$57.272	41,899	D
Common Stock, $0.01 par value	03/08/2021		S(2)(3)		7,862	D	$57.892	34,037	D
Common Stock, $0.01 par value	03/08/2021		S(2)(4)		6,174	D	$58.784	27,863	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(5)	03/08/2021		M			6,211	(6)	03/08/2021	Common Stock	6,211	$0.00	0	D

Explanation of Responses:

1. These shares were sold at an average of $57.272. Prices ranged from $56.48 to $57.47.

2. The sale of shares reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.

3. These shares were sold at an average of $57.892. Prices ranged from $57.48 to $58.46.

4. These shares were sold at an average of $58.784. Prices ranged from $58.49 to $59.48.

5. Upon vesting, the Reporting Person is entitled to receive one share of Common Stock for each restricted stock unit.

6. These restricted stock units vested on March 8, 2021 and were automatically converted into an equivalent number of shares of Common Stock.

Remarks:

	/s/ Michael W. Borkowski, as Attorney-in-Fact	03/09/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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