ACM Value Opportunities Fund I Form 4 Saker Aviation Services / Marc Chodock 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^*

ACM Value Opportunities Fund I, LP

(Last) (First) (Middle)

C/O ARVICE CAPITAL MANAGEMENT, LLC

110 EAST 25TH STREET - 3RD FLOOR

(Street)

NEW YORK NY 10011

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Saker Aviation Services, Inc. [ SKAS ]

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

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
See Footnote (1)

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2019

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

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

	Form filed by One Reporting Person
X	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								103,848	I	See Footnote(1)

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
Stock Option (Right to Buy)	$3.24							12/01/2018	12/01/2022	Common Stock	3,333		3,333	I	See Footnote(1)
Stock Option (Right to Buy)	$2.4							12/01/2019	12/01/2023	Common Stock	3,333		3,333	I	See Footnote(1)
Stock Option (Right to Buy)	$5.6	12/05/2019		A		3,333		12/05/2020	12/05/2024	Common Stock	3,333	$0(2)	3,333	I	See Footnote(1)

1. Name and Address of Reporting Person^*

ACM Value Opportunities Fund I, LP

(Last) (First) (Middle)

C/O ARVICE CAPITAL MANAGEMENT, LLC

110 EAST 25TH STREET - 3RD FLOOR

(Street)

NEW YORK NY 10011

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Chodock Marc

(Last) (First) (Middle)

C/O ARVICE CAPITAL MANAGEMENT, LLC

110 EAST 25TH STREET - 3RD FLOOR

(Street)

NEW YORK NY 10011

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

ACM Value Opportunities Fund I GP, LLC

(Last) (First) (Middle)

C/O ARVICE CAPITAL MANAGEMENT, LLC

110 EAST 25TH STREET - 3RD FLOOR

(Street)

NEW YORK NY 10011

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Arvice Capital Management, LLC

(Last) (First) (Middle)

C/O ARVICE CAPITAL MANAGEMENT, LLC

110 EAST 25TH STREET - 3RD FLOOR

(Street)

NEW YORK NY 10011

(City) (State) (Zip)

Explanation of Responses:

1. ACM Value Opportunities Fund I, LP, a Delaware limited partnership (the "Fund") is the direct owner. ACM Value Opportunities Fund I GP, LLC, a Delaware limited liability company is the general partner of the Fund. Arvice Capital Management, LLC, a Delaware limited liability company (the "Manager") is the manager of the Fund. Mr. Marc Chodock is the managing member of the Manager.

2. This option was granted under the Issuer's Stock Option Plan of 2005 in a transaction exempt under Rule 16b-3.

	/s/ Ronald J. Ricciardi, Attorney-in-Fact for Marc Chodock, Managing Member of ACM Value Opportunities Fund I, LP	01/16/2020
	/s/ Ronald J. Ricciardi, Attorney-in-Fact for Marc Chodock	01/16/2020
	/s/ Ronald J. Ricciardi, Attorney-in-Fact for Marc Chodock, Managing Member of ACM Value Opportunities Fund I GP, LLC	01/16/2020
	/s/ Ronald J. Ricciardi, Attorney-in-Fact for Marc Chodock, Managing Member of Arvice Capital Management, LLC	01/16/2020
	** Signature of Reporting Person	Date
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